Skip to main content

Full text of "International Herald Tribune , 1994, France, English"

See other formats


I: : SSS 

W i 




££3S 


g|‘- '•- ; 


Tom w, D 

^CftR 


■ •sic?wfcff5« 

i • .? -r;>«^ !i 


*.wO' 




1 *&£$&$: 
'■ n£3L**<2.* 

' •.<'■■■.. s P‘Wr r : 


1 fcJSljjN^ 


! ~ □ 
: .J^’fcntanta 




: S^SP* 


*.• : r *?nh 

- -'.'.Vja 


1 :; : i : A, -stt*i2 

' ; -Cr-g^\ 


awj^j \^ 

• — •-■JiCIfrsM.I.V 


-“■ : ~~\-'Uml !^ 

;■-■■-•• '-^CESpajj, 

'• .“V ;::i ^‘wip 
•' ' Mju4|.^ t (r 


IMER\U10M1 

CLASSIFIED 


"-'-' ’.a* IK 


« •' -::*e fliAgumfq 

m i: .r -aa ^ 

:.r- of^hAKs 




Heralfc 


i; 



INTERNATIONAL 




ribtm 


PUBLISHED WITH THE NEW YORK TIMES AND THE WASHINGTON POST 


London* Thursday, May 19, 1994 


Reaction to Higher Rates: 
It's Not a Normal Time 9 


By Lawrence Malkin 

International Herald Tribune 
NEW YORK — With the Federal Re- 
serve Board's having finally yielded to Wall 
Street's craving for firm and' steady interest 
rates, calm returned Wednesday to bond 
and stock markets, and money began mov- 
ing against the dollar. 

Normally, an increase of half a percentage 
point in interest rates like the one an- 
nounced Tuesday by the central bank would 
attract money to dollars, “but these are not 
normal limes," said David Rollev. interna- 
tional economist at DRiJMcGra’w Hill. 

Instead of moving smartly higher the 
morning after, the dollar actually dropped 
about a pfennig against the Deutsche mark, 
to DM 1.6715, and about half a yen. to 
103.80 yen. and then spent the rest of the 
day drifting. (Page 10) 

Stock and bond markets showed little 
reaction. 

Currency traders said some of this could 
be explained by speculators who bad bet on 


a dollar bounce: many dumped their dollars 
when the money failed to perform under the 
stimulus of higher rates in the United States 
and lower rates in Germany. 

The Jong- term outlook for the dollar is 
still generally seen as healthy later this year, 
but traders rarely look that far ahead. Mr. 
Rolley said that the Fed might tighten again 
later this year, and that at some point inves- 
tors would wake up. realize the U.S. econo- 
my and interest rales were still attractive 
and move back to Wall Street — but not 


Currency markets are still wary that the 
U.S. administration's tactics against Japan 
include a lower dollar to make Japanese 
exports more expensive. The Fed’s indica- 
tion that it was finished raising interest rates 
for now meant that if the U.S. Treasury 
needs to prop up the dollar again with mar- 
ket intervention, it cannot count on the 
Federal Reserve to support it with higher 


See MARKETS, Page 5 


NATO to Grant Russia 


Privileged Relationship 

Broader Than Partnership for Peace 


By Craig R. Whitney 



New York Times Service 

. ..In a concession to Russian pride, NATO 
ambassadors, in Brussels agreed Wednesday 
that the alliance’s relationship with Russia 
awld be broader than the Partnership for Peace 
offered to all formerly Communist-nded coun- 
tries in Eastern Europe and the former Soviet 
Union, officials said. 

Ruwa. unlike Poland, Hungary, the Czech 
. JtqwMic and many other countries, has repeat- 
edly postponed formal acceptance of the Part- 
nership, which President Bill Clinton and other 
leaders proposed in January after Russia made 
_ dear a would regard full NATO membership 
by Easr European covmhies as a threat to its 
am security. 

Preodeni Boris N. Ydtsin said in Germany 
’ fist week tbat^Russa expected spexaal treat* 
f! m«u within: the Paitteishipbdittmg its status 
as a nodear superpower and would explain 
1 -what it wanted when Defense Minister Pavel S. 
Grachev visited Brussels next Tuesday and 
-Wednesday to explain the new Russian niflitaiy 
strategy. 

- ; A spokesman in Brussels said that R ussia 
was still expected to agree soon to take part in 
. jfre partnership. Bui, he said, “The discussion 
ipday reflected the strong vie w that there 
v&ooMbeicope in the broader Russian-NATO 

. . relationship for dialogue and cooperation that 
reflects the rote and the importance of Russia in 
European stability and security." 

Another, allied official said, “A substantial 
dialogue's possible, but it's not a substitute for 
Rnssum' participation in the Partnership for 
Peace.” Additional considerations given to 
Russia would be made known to the other 
members of the Partnership, officials said. 

A senior NATO official explained: 

“Oeariy. as befitting their status, there needs 
to be a relationship with Russia that reflects 
pragmatic questions — they are a nuclear pow- 
er,. Tor instance, and they are involved in the 
new diplomatic contact group on Bosnia." But. 


he said, this would be in addition to. not in 
place of. Russian participation in the Partner- 
ship. 

The North Atlantic Treatv Organization un- 


The North Atlantic Treaty Organization un- 
veiled a planning cell at its European military 
headquarters in Mens. Belgium, last month, 
where countries in the Partnership can station a 
handful of officers to work out arrangements 
for joint military exercises and planning activi- 
ties with the allies. 

NATO is also building permanent offices at 
its Brussels headquarters for Russian, Central 
Asian, and East European officials to develop a 
continuous political dialogue with the alliance. 

German diplomats in Bonn said that Mr. 
Ycltsia had made dear during his visit last week 
that domestic political pressures were mount- 
ing on him to preserve diplomatic face and 
atature far Russia. . 

C ha nce ll or Helmut Kohl bowed to Mr. Ydt- 
sitfs demand to drop plans for a ceremony on 
the departure of Russian troops from Germany 
at tbe cad of August in Weimar, near the Nazi 
concentration camp at Buchenwald, where the 
Red Army briefly held political prisoners after 
World War 11. Instead, a ceremony wfll be held 
in Berlin. 

The Germans also supported- Mr. Yeltsin's 
demand for Russia to become a full member of 
the group of tbe world’s most powerful indus- 
trial democracies after the next meeting of the 
Group of Seven in Naples in July. 

Foreign Minister Klaus Kinkd of Germany 
said Wednesday: "I am worried about an iso- 
lated Russia Ural is more in search of a new 
identity after losing its world power status. 
Russia has become much more sensitive." 



. . . . . . Umjbt Mother- Rcmcr, 

Prime Minister Silvio Berlusconi listening Wednesday while Italian Senate debated before a vote of confidence in his government 


Easing Up on Tokyo? U.S. Aides Say ‘No’ 


In addition to setting up a frameworit for 
joint training exercises and exc h anges of infor- 
mation about military doctrine and standards, 
the partnership also offers consultation with 
NATO lor any partner who perceives "a direct 
threat to its territorial integrity, political inde- 
pendence. or security." 


By Paul F. Horvitz 

International Herald Tribune 

WASHINGTON — Senior American trade 
officials, on the eve of key talks with their 
Japanese coumerparis. suggested Wednesday 
that their policy toward Japan was unchanged 
and sought to play down recent White House 
continents that a softening may be under way. 

The remarks by two officials were largely off 
the cuff and did not appear to reprevrru u 
coordinated effort to shore up the American 
trade stance. But neither official specifically 
denied published remarks by the White House 
economic adviser, Laura D. Tyson. 

She was quoted earlier this week as saying 


that it might be time for Washington to try to 
“moderate or adjust the liming" of its trade 
stance with Tokyo to reflect the political reali- 
ties in Japan, without altering the overall thrust 
of American policy. 

The two countries are deadlocked over 
Washington's demand for specific, measurable 
commitments, or "objective criteria" for the 
reduction of Japan's huge trade surplus with 
the United States. Bui there have been hints in 
recent da\s that some movement may soon be 
possible in the area of pua'hasing contracts by 
Japanese government agencies. 

The comments by Ms. Tyson were reportedly 
welcomed within the Japanese government. But 


on Wednesday, the U.S. trade representative, 
Mickey Kanior, and tbe undersecretary of the 
Treasury for international affairs, Lawrence H. 
Summers, separately offered the view that U.S. 
policy remained consistent. 

In a speech to investment managers. Mr. 
Summers said the administration of President 
Bill Clinton continued to believe that "we need 
to see agreements that are credible, that are 
concrete, and that go beyond the Tailed agree- 
ments of the past" in dealings with Japan. 

Mr. Kan lor. in an interview with Bloomberg 
Business News, said, “We’ve not changed.” 

"Our position is exactly as it was in Febni- 

See TRADE, Page 5 


*C;s, A 


'C \ 




* 


■of all tb 


wed lha 
■n agains 
" towan 
U the re 


No. 34,592' 

navigate 


tiled Mr 


Berlusconi 
Wins Crucial 
Confidence 
Test in Italy 


< Oslo U 

1 by Car 
Found* 
■ to bono 
is leader' 
lowarc 


It. Cartel 
■ the late 
y Smith 
ack arch 
.usied or 

KJT. 

sen led a 
Institute 
the Nor 


159-to~153 Senate Vote 

Gives Him Go-Ahead to 


Push Political Agenda 


ear after 


By William Drozdiak 

Washington Parr Service 

ROME — Prime Minister Silvio Berlusconi 
survived his first major political test on 
Wednesday when his week-old conservative 
government won a crucial vote of confidence in 
the Senate. 

The government victory, by a vote of 159 to 
153, was achieved with the support of several 
life senators, including Francesco Cossiga. a 
former president, and Gianni Agnelli, the Fiat 
chairman. There were (wo abstentions and sev- 
eral senators left the chamber to reduce the 
quorum, thus allowing Mr. Berlusconi to win 
the vote. 

Tbe triumph in Italy’s upper house will allow 
Mr. Berlusconi, 57, to press ahead with an 
ambitious free market vision for Italy that in- 
cludes the promise of lower taxes, a million new 
jobs, a leaner bureaucracy and a government 
cleansed of corruption. 

A defeat for Mr. Berlusconi’s government 
would have thrown Italian politics into turmoil 
and undoubtedly led to a new dec lion, less than 
two months after an election in which voters 
banished the corruption-ridden Christian Dem- 
ocrats and Socialists who had dominated gov- 
ernments for four decades. 

Mr. Berlusconi's Foiza Italia party and its 
two governing partners control only 156 seats 
in the 326-seat Senate. The government is as- 
sured of a similar endorsement later this week 
by the 630-seal Chamber of Deputies, where it 
enjoys a substantial majority. 

Mr. Berlusconi had earlier rqected opposi- 
tion calls to drop the neofasost National Alli- 
ance from his cabinet, telling the Senate that to 
do so would betray the will of voters who gave 
his rightist Freedom Alliance an overwhelming 
victory in the March elections. 

"A majority of Italians have established with 
their vote (hat this coalition has the honor and 
the duty to govern this republic," Mr. Berlus- 
coni said. "For a new majority, new elections 
would be necessary." 

During the Senate debate, Mr. Berlusconi 
emphasized his intention to pursue moderate 
policies and to sustain Italy’s foreign commit- 
ments, while trying soothe worries abroad over 
the presence in his cabinet of five ministers 
from the neofasdsi National Alliance. 

Mr. Berlusconi acknowledged that his popu- 
list governing coalition was a "radical innova- 
tion" that has been perceived by Italy’s part- 
ners "in some respects with a certain justifiable 
anxiety.” But he insisted that all parts of his 
governing alliance respected “the choice of de- 
mocracy as the binding rule and supreme val- 
ue." 

Despite the alarm in foreign countries, the 
role of the National Alliance has aot evoked 
much controversy in Italy. Neofascists have 
been represented in Parliament since the war, 
and even leftist opponents do not consider 
them to be a threat to the country's democratic 
institutions. 

The National Alliance leader. Gianfranco 
Fmi, calls his party a “postfascisr movement 
unique to Italy that will nave nothing to do with 
Europe's other extreme-right parties, such as 

See ITALY, Page 2 


ad been 
last Sep- 
ian offi- 
i out for 
Jem Bill 
aders on 
i for the 
accord. 


urafal 

lent said 
’at's call 
rrusalem 

rommit- 
pfembrr 
i report- 


spokes- 
JialSec- 
Christo- 
re U.S. 
seek an 
the re- 


believes 
•uted to 
ithcom- 
>to both 
rnunity" 
-maples 
4cCurry 


'alestine 
agreed 
r, bnt to 
e future 
’alestin- 


smema-, 
ssential 
? up to 
s." Mr. 


Clinton Clears Way for China Trade Status Arafat Clarification: Peaceful 9 Jihad 


U.S l Highlights Gesture 
By Beijing on Rights 


By Thomas L. Friedman 

... ' New York Times Service 

: WASfflNGTON— Chhra has token anoth- 
er step .toward meeting President Bill CUntorus 

the administration quickly highlighted, appar- 
ently in an effort to prepare the pnbbc for a 
decision to renew Beijing’s trade benefits with 
only a few symbolic conditions ariactel 
A senior administration official said China 
bad agreed to a visit by team of Americas 
technicians to talk about halting its jamming of 
Yoke of America radio broadcasts. 

“Significant progress" by Onna towglgj- 
mg jamming of foreign radio and HgMKn 

broadcasts was one of seveo humau-nghts de- 


mands Mr. Qinton set a year ago as his condi- 
tion for renewing China’s most-favored-nation 
trade benefits, which allow the lowest tariff 
rates. 

Of those seven demands, China had to make 
“significant progress" on five. They were to end 
tha j amming , to account for political prisoners, 
to allow prisoners to be visited by the Red 
Cross, to ease the repression in and the pressure 
mi Tibet and to take steps to begin adhering to 
the Universal Declaration of Human Rights. 

The two other Qinton demands woe "man- 
datory," meaning China had to fulfill them 
entirely. They were to end tbe export of prison- 
made products to tbe United States and to 
aBow the free emigration of certain dissidents 
who had been barred from leaving the country. 

What is significant is that the senior official 

also told reporters Tuesday that China had 


A Report Details Arrests 
Of 500 Others in 9 89 


See RADIO, Page 5 


Kiosk 


~ ' ^Sf AC Milan Wins ite Champions’ Cup 


General News 


By Lena H. Sun 

Washington P/rrt Service 

BEUING — The authorities arrested about 
500 more people in the 1 9fl9 crackdown on pro- 
democracy demonstrations in Beijing than was 
previously known, and more than 200 of them 
are still serving harsh prison sentences, accord- 
in gto a human rights report issued Wednesday. 

Tbe information, which comes from dissi- 
dents and their families, "serves again to dem- 
onstrate that known cases of political and reli- 
gious imprisonment in China represent only (he 
tip of the iceberg," according lo the joint report 
by Hitman Rights Watch /Asia and Human 
Rights in China, both based ra New York. 

Unlike the student leaders and prominent 
intellectuals whose cases have been the focus of 
international alien lion, the prisoners described 
in die report include peasants, factory workers 
and cadres who have received harsher sentences 
than intellectuals and students — many in 
excess of 10 years. Only 29 of the cases were 
previously known to human rights organiza- 
tions. 

Because the information is only about Beij- 





By William Schmidt 

Vev York Times Sen ire 

OSLO — On the same day Israel surren- 
dered final control of the Gaza Strip and 
Jericho io the Palestinians. Yasser Arafat and 
Shimon Peres met in this Scandinavian city to 
celebrate the place where their journey to- 
ward peaceful cooperation began in secret 
nearly two years ago. 

Mr. Arafat, tbe chairman of the Palestine 
Liberation Organization, and Mr. Peres, the 
Israeli foreign minister, arrived here early 
Wednesday. They were joined by former 
President Jimmy Carter of the United Slates 
for ceremonies honoring Norway’s role as a 
broker in the clandestine talks that resulted in 
last September's historic accord between Is- 
rael and the PLO. 


But in a day or speeches and public tributes 
the search for peace in the Middle East, the 


, . .nnclilmm 'Again; Frjinr-lVvc 


V / 




U J.-Rasam dspttfe underlined the fragility 
of a Bosnia accord. Page Z 


See ARRESTS, Page 5 


Palestinian children searching a Gaza 
Gly military camp Wednesday for bul- 
lets to sell. The Israeli Army completed 
its withdrawal form Gaza Strip, Page 5. 


to the search for peace in the Middle East, the 
two leaders also sought to allay a furor in 
Israel over the revelation of remarks by Mr. 
Arafat, in which he called for a “jihad" to 
liberate Jerusalem for Muslims. 

Ai a press conference, Mr. Arafat said his 
remarks, made earlier this month after he 
finished praying at a mosque in South Africa, 
had been wrongly interpreted His reference 
io jihad was not a cal] for violence, Mr. 
Arafat said. 

A tape recording of Mr. Arafat’s remarks 


was played by Israel state radio on Tuesday. 

"Jihad will continue and Jerusalem is not 
for the Palestinian people; it is all Tor the 
Muslim people," Mr. Arafat is heard to say 
on the tape. "Our main battle is Jerusalem." 

Mr. Arafat on Wednesday said that what 
he had meant was. "1 will continue my jihad 
for peace," or “I will continue my jihad for 
Christians and Muslims and Jews to pray in 
Jerusalem." 

Tbe Israeli foreign minister. Shimon Peres, 
who appeared unexpectedly at tbe press con- 
ference while Mr. Arafat was speaking about 
Jerusalem, immediately said he was satisfied 
with Ms. Arafat's explanation. 

"He remains remains committed to the 
declaration of principles, to the end of vio- 
lence." said Mr. Peres. 

Mr. Carter and the Norwegian foreign 
minister. Bjorn Tore Godel. aJso accepted 
Mr. Arafat's clarification, with the former 
U.S. president telling reporters he clearly 
understood the PLO leader to have used the 
word "jihad" to mean a peaceful crusade. 

In a speech later in the afternoon, Mr. 
Arafat turned to face Mr. Peres, whom he 
referred to as “my cousin and my neighbor,” 
and asked him to convey lo the Israeli people 
“our best regards and our determination to 


See JIHAD, Page 5 




to have been a year. t irr^; n ” and 
ooeoai tbe scoring in the 22d minute ano 
adding another io the 45th. Dgan 

the 47 th »t»4 ttal 

Marcel DesaiUy made it 4-0. {Page 17) 


HeaKhfSdence 

Why do women need men to keep the human 
race going? A good question. Page 8. 


More Japan War Problems: Now It’s Pearl Harbor 


Book Review 
Bridge 


•'rfV 


Newsstand Pr»ces_ 


By David E. Sanger 

Son York Times Sterne 

TOKYO — Just when Japan thought it was patcliinu over 
tbe damage done by a cabinet member's, insistence that the 


■ssiss 

■SSESffi'gS^SBS' 

Gibraltar— — £0.85 Ireland l R £1-00 

Great BrttalnJEO-85 saudi Arabia P.00 R 
Egypf._-.E-P. 5000 Soutft Afrtaj ----K 6 
IJD uAE .BJODirn 



Rape of Nanking never happened, a new and even mi»re 
politically charged argument has broken out in Vide the guwrn- 
ment: When Emperor Akihito makes his first state vUti u. the 
United States next month, should he stop off at Pearl Harbor.' 

The emperor's schedule, though not officially puMKhed. 
calls for him to visit Honolulu on the way back from from .i 
iwo-wedt toor across the United States. Until a few Jj>> jg... 
Jap anese officials were whispering that the emperor would vw I 
the manorial at the battleship Arizona and express his sorrow 
over the war, which was begun under the reign of his Tat her. 
Hrrohno. 


UP 

1.16% 

11339 


Si*vS oUar 


rims dose 

1.872 

1.5025 

104.525 


uilh i he wjf. i he government is suddenly getting cold feet. 
inf1uenti.il right-winger politicians oppose the visit. 

Hanging onto power by a thread. Prime Minister Tsutomu 
Hju’s cabinet K clearly fearful of being blamed if the emperor 
!■. pereei'vd to be apologizing for an air attack that many 
Japanoc Mill believe was a justifiable response to U.S. eco- 
nomic %aneii*'nv 

'The pendulum is swinging." one Japanese official said, 
"and there i-jj-hj posMbslity that Pearl Harbor will disap- 
puir from the -vhcJulc. ' 

Ali!i,HJgli A k i hi i - 1 vim icd ihe Arizona as crown prince in 
|%n and Emperor ihrohito visited Hawaii during a tour of the 
United Stales lw. i decades ago. no Japanese emperor has paid 
respects at Pearl Harbor. 


two years ago. the first time a Japanese emperor ever stepped 
on Chinese soil. 

influential right-wing politicians tried to scuttle that trip 
altogether, protesting that it would violate tbe apolitical role of 
the Japanese monarch in the postwar constitution, and humili- 
ate modem Japan by seeming to kowtow to China's leadership 
But Akihito, who became emperor io 1989, was determined 
to set a different tone, and issued a fairly strongly worded 
statement of regret for the suffering Japan caused. ' 

To many Japanese, however. Pearl Harbor is a very different 
issue. The widely accepted interpretation of the attack is the 
one written by General Hideld Tojo, Japan’s wartime prime 
minister, who said that the embargo on oil and steel deliveries 
to Japan made it inevitable that the country would lash out 
“For Japan, domg nothing would have meant tbe destine- 



i’act- 2 


■fr.it- 




rman Chief, a Past Never Forgotten 


By Craig R. Whiiney 

.V«r Y.irk Tones 

BONN’ — Fr>r [n years. President 

Richard Win WtfiAvicker has been the 

conscience of hi 1 - enuntr-. insisting again 
and again to his fellow Germans that the 
r, nly solid foundation for iheir future i ; 
acknowledgment of the pu>i 

Like an\ gr**tl conscience, the while- 
haired aristocrat hjs often del i herald > 
made his listeners uncomfortable. Speak- 
ing nine years ago shout the killing •>! h 
million. Jew h*. the Nazis, he said. 

“There were many ways of nui burden- 
ing l ine's conscience. <~*f shunning nespon- 
'.ibiliiy. looking away, keeping mum. 
When the unspeakable truth or the Holo- 
caust then became known at the end of 
the war. ail loo many of us claimed that 
they had not known anything ahoui n nr 
even suspected anything.*' 

Reflecting the other day . the president. 
7-1. said. "I "wouldn't take hack a single 
word of (hat speech inday.“ 

With a special political assembly 
scheduled to convene on Monday to pick 
his successor, the speech seems fated to 


so into the history hooks as the defining 
moment nf his presidency 

**l got many letters then asking me 
what right I had to say thai mans Jew, 
had died." he raid. “Tod.iv. ] am still 
getting the same kind of questions, hut 
now they sign their names jnd give thur 
addresses. Nine years ago they were 
anonymous. That has Mitered the more 
than once.” 

Questioning the historical fact of the 
Holocaust is a enme in Germany. The 
law was challenged in court this year by a 
rightist radical leader, but ihe country's 
highest tribunal, the federal lop.muu- 
lionol Court in Karlsruhe, reaffirmed it. 

The German presidency is a ceremoni- 
al office without executive power... hut 
Mr. Wazsjcker used n .is j moral inhu- 
nal. reflecting what he had teamed from 
his own past. 

Bom in Stuttgart in 1920. the young 
baron studied at Oxford before the wjr 
and served as an officer in a Prussian 
infantry regiment that took part in the 
invasion of Poland in I9?4. 

Some of his friends were involved in 
the assassination attempt against Hitler 
in 1944. At the same lime. Mr. Weiz- 


sackcr’s father. Ernst, was a diplomat 
who served under Hitler as chief secre- 
tary nf the Foreign Office and ambassa- 
dor to the Vatican. 

He was sentenced to five years' impris- 
onment by the Nuremberg war crimes 
tribunal. Mr. Weizsacker. then a law stu- 
dent. helped defend turn and later helped 

Weizsacker used 
presidency as a moral 
tribunal. 


publish his memoirs, which portrayed 
him as opposing the Nazi*.. 

In an interview much later. Mr. Weiz- 
sjeker said he had never been happy with 
the memoirs. His father, he said, must 
have known about the Nazi war crimes in 
broad outlines but not in all their horrify- 
ing detail, and thought that duty required 
him to continue working as a diplomat. 

Despite a rash of neo-Nazi violence 
against foreign immigrants and asylum- 
seekers in the last two years. Mr. Weiz- 
sSeker said he would retire on June 30. 
the end of his term, with undimimshed 


confidence in the ability of German de- 
mocracy to master the problems raised 
by unification four years ago. 

“If you see the solution to problems 
like racism and violence only in sine ter 
laws, tougher police measures and strin- 
gent political speeches, you are mistak- 
en," he said. “It isn't police or laws that 
determine how people behave and think. 
Teachers, parents and even the media 
have much greater influence, and should 
be aware of the role they have to play.” 

In a recent German magazine inter- 
view. Mr. Weizsacker did have one seri- 
ous criticism for the unification process. 
When the Berlin Wall fell in November 
1989, he told the weekly Stem, there was 
widespread readiness in the western part 
of ihe country to sacrifice to help the 
impoverished Communist-ruled eastern 
pan, but the government never took ad- 
vantage of it. 

“Instead, the state preferred to finance 
the enormous sums that had to be trans- 
ferred by a gigantic deficit.” be said. 

This, like many of the president's pre- 
vious pronouncements, was taken by 
many politicians as a veiled criticism of 


Chancellor Helmut Kohl’s government 

Mr. Kohl does not tolerate challenges 
to his leadership lightly. He may have 
thought in 1 984 that he had relegated Mr. 
Weizsacker. previously the Christian 
Democratic mayor of Berlin, to political 
impotence when the party nominated 
him as presidenL 

Mr. Kohl seems bent on determining 
that the next president is somebody with 
whom he can be happy. 

The chancellor's first nominee with- 
drew in November after a series of awk- 
ward statements. 

The current nominee is Roman Her- 
zog, the president of the Constitutional . 
Court. He aroused controversy . this 
month by saying that Turks living in 
Germany were not automatically entitled 
to become citizens. 

At a dinner with foreign correspon- 
dents, Mr. Weizsdcker haughtily dis- 
missal attempts to get him to comment 
on Mr. Herzog's statements. 

Mr. Wdzsacker's lecturing tones have 
sometimes grated on his listeners, but 
many Germans say that whoever suc- 
ceeds him will have a difficult time filling 
his shoes. 


WORLD BRIEFS 


UN Cancels 
3 Flights to 
Tuzla Alter 
Pilots Balk 


Bv Roger Cohen 

.vy«- »w rmr vn>. i- 

ZAGREB. Croatia — The Unit- 
ed Nations canceled three planned 
nights into Tuzla airport Wednes- 
day. underscoring the apparent 
ability of the Bosnian Serb? to close 
at will the airport near the govern- 
ment-held northern Bosnian town. 

The decision to cancel the flights 
was made when civilian pi loti 
whiwe service*- are leased h;. the 
UN military command refused lo 
flv io the airport became of Serbi- 
an shelling of the jirfield Tuesday 

“We tried to persuade the pilots, 
but their view was that the airfield 
was not safe." said Matthew Ner- 
zjc. a spokesman for the United 
Nations in Zagreb. 

Four rounds fired by Serbian 
tanks in the mountains ringing the 
airfield struck the airport Tuesday 
One exploded near a UN ll.vu.shin- 
7h transport that had j um Ijnded in 
the fir.it flight to Tuzla since the 
airport was closed on April 14. 

Following the modem Tuesday. 
Lieutenant Colonel Lari Muller, 
deputy commander of the Nordic 
battalion based in Tuzla. asked for 
NATH air strike* agamM the lank. 
Bui Lieuienom General Michael 
Rose, t he commander of UN forces 
m Bosnia, refused. 

"Close air support from NATO 
is a last resort for UN troops under 
attack and when loss of life is ji 
stake.” Mr. Nerzig niid. "This re- 
quest did not meet those stan- 
dards.” 

The disagreement over how m 
respond to the Serbian shelling 
seemed certain to worsen the al- 
ready lense relations between the 
Tuzla-based Nordic battalion •>( 
the l'"* Protection Force and the 
top UN official in former > ugoxlj- 
vid. Yasu.shi Akaslu. 

The Nordic hjtialion is very im- 
patient over the situation ji tuzla 
airport, which wti> opened by Mr 
Akashi last March only l" he closed 
again a few week.s later. The Nor- 
wegian commander at the airfield 
aid earlier this month that the air- 
port is. in hi* view. .safe. 

all Aid Workers Set Free 

France'*. Foreign Ministry ?aid 
Wednesday that Bo-man Serbs had 
released 1 1 French aid worker- de- 
tained Ip. Bosnia on April Reu- 
ters reported from Pans. 



.Viklira. Vrmm* \(f*v Fr»rPir».r 

DiSABLED DEMONSTRATE — A paraplegic woman being carried from the path of a London bus Wednesday after a group of 
disabled people slopped traffic to protest what they called the “‘wrecking’’ of a bill to protect tike disabled from (fiscrimmatioo. 


HataPuts 
A Halt to 
Rising Fees 
In Japan 

By James Stemgoid 

.Vw York Time* Semi* 

TOKYO — In one of his first 
acts as Japan's new prime minister. 
Tsutomu Hata responded Wednes- 
day to growing criticism of a wave 
of steep increases in government- 
controlled fees and tolls by order- 
ing the bureaucracy to freeze the 
fees at their current levels until 
year-end. 

It is uncertain that Mr. Hata’s 
order will actually bring about die 
freeze, since many of the fee in- 
creases. covering everything from 
postal rates and highway tolls to 
public housing rents and subway 
fares, are the responsibility of local 
governments. But his unusual call 
reflected the mounting public an- 


Rival Yemenis Fight for Key Base 

AL ANAD. Yemen < Combined Dispatches) — 
backed by heavy armor battled on Wednesday *iib * u * . M 
key military base governing the northern approaches t«. A . 

Reporters were taken by northern forces inside the 
ment and watched as artillery, tank and ipctci io an 

Southern troops-nppeared to be. firing, from outside tfwp* _ ■ f 

effort to dislodge the northerners. Heavy firepov-CT u 0( - 

inside and outside thebase about 60 kilometers (about . . miles) 

Ccmrolof Al Anadwas a key objective of forces loyal lo j}Jj 

Abdullah, Saleh in thrir push toward Aden, the stronghohi .ol i he 
southerners led by Aji Salem Bald. The rival armies from 
conservative North Yemen and Marxist South \ emeti. whtdi un f 

years ago. have been locked in civil war for two weeks. (Reuter 

Opposition Takes Big Lead in Malawi 

BLANTYRE. Malawi (WPV — Leaders of the Oppwition^Unitcd 
■ Democratic Front called on Malawi's 96-year-old life presidenL Has & 
Kamuzu Banda, to concede defeat Wednesday m the couoLfV s lirM 
multiparty elections, as early but unofficial results showed a oammaiun _ 
lead for a former cabinet minister and businessman. Baktli Muluzi. 

Mr. Muluzi held an overwhelming lead in the country s popuiou> 
southern region, which includes the commercial hub of Btantyre. anu 
smaller leads nr Mr. Bnnda ? s ..native- central region and in the less 

Opposition leaders and dmksian'c sources said it appeared all but 
certain that Mr. Muluzi would unseat Mr. Banda. Party official!, were 
already planning for the- new president to be. sworn in on Saturday, wc 
are hoping they wfll be civilized enough to concede defeat said Hie 
United Democratic Front sccretary-generaL Harry Thomson. 

UN Inspections Begin in North Korea 

VIENNA (Reuters) — United Nations inspectors arrived at the North 
Korean nuclear -complex north of Pyongyang on Wednesday and started 
work at one of the plants, the United Nations nuclear safeguards' agency 
said. • ‘ ‘ ' • 

A spokesman, at the International Atomic . Energy Agency, based «n 
Vienna, said he was unable to confirm whether the three-man team had 
visited a five-megawatt nuclear reactor at the complex, in. Yongbvon. 
Some reports have said dial Pyongyang has begun refueling the tractor in 
defiance of the UN agency. 

“They have reported- bade that'-fbey have arrived at Yongbyori-und 
have started work.” the spokesman said, but gave no further details. 
There is some confusion whether North Korea has just shut the reactor to 
allow its core to cool before refueling, or .whether it has removed its 
uranium fuel rods. •••’ 

Thai Offidals .Suspected of Drug Link 


r 


TRAVEL UPDATE 


ussia Rift Shakes Unity on Bosnia 


\in Y-ri hum Vmii 1 

ZAGREB. Croatia — Beneath the *h.<w nf 
unity on Buinia- Herzegovina la-t *cek bv the 
United Stale*:. Russia and the European Union, 
j sharp diplomatic dispute Hared between 
Washington and M«o« that underscored th? 
frugilit) of international efforts to end the Bos- 
nian war. 

Amentan ■'flicials >iid the di-pute raised 
new questions nb«-ui the effectiveness of diplo- 
matic attempts to stop ’.he fighung in the for- 
mer Yugoslav republic. 

The clash summed from Russian anger at 
what wa*. seen h;, Moscow as taei; U.S. >uppon 
for the Muslim-dominated Bosnian govern- 
ment's claims to percent of the country's 
territory, the officials -aid. 

After five days or United Slates- sponsored 
talk* m V ienna. ihe Bosnian government and its 
Ur, utian allies las; week requested 58 percent 
of Bosnian ism ton. ■»uh.«tantiaU;- more than 
the 51 percent offered under a plan officially 
end-T.-cd by the l' riled States. Ru-m.i and the 
Fur i oear. I. nton in Geneva la.,; Friday 


“The Russian view- was that, because of our 
dose involvement with the Musbm-Croai fed- 
cration. they could not have demanded 58 per- 
cent or the territory without our backing." on 
American official said. “Because of the Russian 
concerns, a formal signing ceremonv for the 
federation in Geneva last Saturday was down- 
graded to a mere reception." 

The officials said that although the Clinton 
administration's Sacking of the 51 percent fig- 
ure was sincere, there was considerable unease 
in Washington at the notion of putting pressur- 
ing on the Bosnian government to abandon its 
58 percent goal. 

After more than two years of war. the Bosni- 
an Serbs hold about 70 percent of (he country. 
To sati-fy the claim., of the Musitm-Croal fed- 
eration. they would have m give up almost one- 
third of this. 

Apan from U.S. difficulties w-ih the Rus- 
sians. whose support f«*r the Serbs is routed m 
their shared Orthodox Christian heritage, 
marked strains persist with the European* over 
now best to stop the war. the officials *aid. 

The British and the rrer.cfi. wh»» jre hea.il v 


involved in an expensive United Nations 
peackeeping operation in Bosnia, an: anxious 
to slop the war by virtually any means, but the 
Clinton administration still balks al the notion 
of the Muslims suffering too overt an injustice. 

European impatience became clear Tuesday 
as France indicated that it intended to with- 
draw about 2JHX) of its 6, 800- member contin- 
gent m the region by the end of the year if 
diplomatic progress is not made. 

The differences between the United States 
and Europeans also center on the issue of the 
emergence of a Muslim-dominated state in Eu- 
rope. Although this development is not viewed 
as a matter of strategic concern in Washington, 
it causes deep, if generally unspoken, unease m 
Europe, where the Muslim militant terrorism in 
Algeria and an influx or North .African immi- 
grants into recession-hit economies have 
heightened unease over Llumic miliums and 
Muslims in general. 

With these differences persisting, the Serbs 
and Muslims have as vet shown little readiness 
to complv with the call for a cease-fire. 

— ROGER COHEN 


BANGKOK (Reuters) — Hie United States suspects that 17 Thai 
politicians, including several members of Parliament: are involved in the 
narcotics business. Thai government .officials said Wednesday. 

Foreign Minister Prasong Soonsiri informed gcwemmenl colleagues of 
the U.S. suspicious during a cabinet meeting on Tuesday, an official said. 
Opposition members of the National Assembly, alleging that the gov ern- 
ment had political motives for revealing the suspicions; walked out of the 
House in protest on Wednesday after demanding- that'Mr. Prisong 
identify those under suspicion. 

The only politician identified so farwas Mongkot Ghongsuthamanee. a 
member of the opposition Chart Pattana (National Development) party 
from Chiang Rai Province. Mr. Prasong said Wednesday that Mr. 

. ■ = - . . Mongkol had been denied an entry visa in March bv the United State?. 

ger over ^^ngr^-andthe Mr Pnsoa g.^ d ^ djdnot W the reason for fte visa- refusal and 

ti^rSlS " Ve,CU5MW ° refused to eUborate on the U^suspidoos., 

• The dismay is a product of the 
fact that the increases have come at 
the worst possible time. Japan is id 
the grips of a deep recession, infla- 
tion has all but disappeared and 
wholesale prices are actually de- 
clining in many instances. Never- 
theless, the government has ap- 
proved or. is considering fee 
increases that will cost- consumers 
more than 522 billion this year, 
according lo estimates by Morgan 
Stanley International. 

The cost of mailing a letter has 
risen 29 percent. Highway tolls in 
Tokyo just jumped nearly 17 per- 
cent for cars. There are also in- 
creases in pension premiums, tele- 
phone service Tees, alcohol taxes, 
medical fees, national university 
tuitions and many others. 

Business groups have com- 
plained loudly (hat the increases 
will further slow the economy and 
all but erase the expected benefits 
of an income tax cut the Parliament 
has passed for this year. 

Takeshi Nagano, president of 
the Federation of Employers’ Asso- 
ciations, a major business lobbying 
group, has vigorously criticized the 
increases and sought to embarrass 
the government by asking Tuesday 
if he could testify at an upcoming 
government bearing on the high- 
way toll increases. 

Hiroshi Kumagoi. the chief cabi- 
net secretary, said here Wednesday 
that Mr. Hata had ordered all the 
increases to be frozen, except those 
already approved. 


High-Speed Station for Euro Disney 

PARIS (AP) — A station for France’s high-speed trains will be 
fna ugura ted _Th ursday arEuro Disneyland and go into service May 2<*. 
makmgJt osier to visit the- amusement pidrL 1 -'. : : • • - ; 

■ The station at Marnp-la-Vallee. 30 kilometers (2U miles) cast of Fans, 
will make the'pdft fnfcJreaocesabteTrom ^Freiidi^ provwctes and countries 
on the high-speed rail network, like Belgium and Switzerland. ' 

Euro Disney put up 250 million Trancs ($44 million) of the cost of the 
station: the French government, which had promised the station to lure 
Disney to France, paid the remaining 580 million francs: 

American citizens travdiiig m Yemen risk being captured and held 
hostage, the U.S. Stine Department warned. It slated. “The U.S. govern- 
ment has learned that Islamic extreimsts may he planning to initiate a 
hostage-taking against Westerners in Yemen." | 'AFP) 

Russian airfine pOets suspended their nadontfide strike just hours after 
it began Wednesday, but threatened -to resume it in two weeks unless the 
Russian government tightened safety rales and increased pensions: tAP) 
Japan Airlines said Wednesday that it would begin a tiew daily nonstop 
joint flight with Air France between the new Kansai International 

Airport in Osaka and Paris. (AFP) 

Vietnam Airfines has signed a - deal with Deiu Airlines IQ cocntlinaie 
schedules as a way to tap into the potentially lucrative route to ihe United 
States, the Vietnam News Agency* reported. (. 1 FP). 

Singapore plans to tighten its already strict anti-smoking rules by 
banning tobacco smoke in all air-conditioned private offices arid fac- 
tories, the Health Ministry announced: Tuesday. • (Reuters) 

AS fufue mass transit systems in central Bangkok must go under- 
ground, the Thai cabinet announced Wednesday. . (Reuters) 

It could be a bad year for Lyme disease in the northeastern United 
States, according to scientists at the Connecticut Agricultural. Ex peri men t 
Station in Hartford. Snow that blanketed much of the' area last winter is 
believed to have protected ticks, which spread the disease, against 
freezing temperatures. ....... . ■ ' iyyj~) 



ITALY: Berlusconi Wins Confidence Vote in Senate 


JHE * ‘ ! 


lh&]cadii i^rHoti L< of thrWnrld 
TEL. (*11 22; 731 93 31 


FAX (41 221 732 45 58 


Continued from Page 1 

France's Nation ji Front or Cermu- 
f>N Repur.lik.mer The National 
Allure? favors tougher criminal 
sanations including ’she revival of 
the death penalty, -meter immigra- 
:»r. controls and j strong central 
authority that wiil help i-uh*idize 
the poor Sc-u;h. where many of its 
*upporter> Ir.e. 

Tne National Alliance's demand 
that Rome should continue to 
dominate political life in Italy 
5 «jt» n.*und m ppis«.»ke further 
clashes with ihs separatist- minded 
Northern League Revnticiiing 
their conflicting demands may 
prove jo be the graicsi Jest nf Mr 
Berlusconi’s leadership skills. 

The League uams m decentral- 
ize 1 lab’s power centers and cede 
much greater authority over uses 


and spending to local go van men ts. 
But the National Alliance insists on 
maintaining a substantial state sec- 
tor that will permit tax money to 
continue flowing from the rich 
North to the South 

Declaring that Italy is “one and 
indivisible." Mr. Berlusconi indi- 
cated this week that he would im- 
pose stnet limits on any diluuon of 
the central government's authority. 
On the other hand, be has awarded 
the League a powerful base to ad- 
vance its agenda through key cabi- 
net posts that include Interior, 
which runs the police and secret 
service, and Institutional Reform. 

Umberto Basse the League's 
leader, fought a bitter battle with 
Mr. Berlusconi over the cabinet 
posts and has vowed to succeed in 
his ambition of breaking Italy into 


three autonomous regions. Mr. 
Berlusconi has managed to keep 
Mr. Bossi under control only bv 
threatening new elections, which 
polls suggest would see a larger 
transfer of votes from the League 
to Mr. Berlusconi’s Forza Italia. 

At the same time. Mr. Berlusconi 
has promised to cut taxes and slash 
state debt in wavs that could prove 
uncomfortable for the National Al- 
liance. which draws much of its 
support from the South. He said 
that the government, in . its first 1 00 
days, will press ahead with plans to 
turn huge state holdings in insur- 
ance. oil gas. electricity and tele- 
communications over to the private 
sector to infuse greater free enter- 
prise into the economy. 

Italy has about 40 percent of its 
economy tied up in the state sector. 


Craxi Disappears, but Sends 

Medical Excuse Via Lawyer 

- • •«/ . 

" Rnun 

ROME — A mystery over the whereabouts of Bettino Craxi. a 
disgraced former prime minister, deepened on Wednesday after he 
sent a sick note telling magistrates that he was too ill to hand in his 
passport, Italian state radio reported. 

Milan magistrates last week ordered the -former Socialist Panv 
leader, who is facing about 20 graft inquiries; to surrender his 
passport for fear he might flee the country. 

But Mr. Craw* who was prime minister from 1983 to 1987. has 
disappeared and is thought to be abroad. He sent the medical 
wrtificate and a covering letter by fax to one of his lawyers on 
Tuesday from an undisclosed location. 

■The certificate, signed by a foreign doctor whose nationality has 
not bren made public, is reported to refer to diabetes, a condition 
dial Mr. Craxi. 60, has suffered from for many vears 

Italian ntwspapas commented that this had never’ prevented him 
from carrying out his duties as a high-profile and aggressive prime 
minister and Socialist leader until he was laid low bjflhe couK™ 
graft scandal. ’ ■ 



so call from country to country, or back to the U.S. f dial the WorldPhone number of the country you're calling from. 


1 •• pctfi* 

C Zi I h 9 . j.tli.li.- 


.ih*i : _ 


filial rnuh« 

Haiti’ '■ -I- 


!!'•- 
-4-1 rt*-? 


NclhfrUnd-.il>* 
Ndhtrlind* AiHilk-v. 




Spam'Ll-' 
Si Lucia 




Irv imnj . 

• • ■ ' • : llrmurl •• • 



llandiim<l> 


Ntcmgua'i-i ' 

Swrdcn’i O* 


'■MIU * 

• _ 1 _■ !inniii:ijr. R.^uhli* 


i 

ilim^on-*- - • 

iV'v-v.».^iaj i 

'.0'."i-aiU -.f Managua 

. JtiUxIImm* . |F* fi SwliserUnd’i V* 

) m \\ ■ i 

i-J...’" 1 

• . • - ' finjJ.ir*:* 


J T ■ 

Iceland* 


Nn»'U 

WXM9VI- Irmidad *c Tobago 


I. ikr.ll:* 

r :*l • 



Ireland' 

[.si; 

raruma 

;"i iO». rsTCi.Wi rHOKESONLYt 


I:- 1-nil. i 4 

- • i • j..i- 

' . r i . 

i"7t» 

Urjcl ' 1 ' 

1 7 r - 1 ■"<*• j r 2 “ 

Mtliur. tUst-i 

. UfiUcd Kin-iImni(-L 


l>i rn*i:Ca :• 

FI V.'udi'r* 


!'J • 

Hah- . * 

i T Miu: 

Paraguay? 

V -wlH.i lJOia. To lall.ihu 1 ’ ONiig £T 

***lV-»I.uj;; 

Ik-Il- :.l* 

-• tmknj ■ • 


• tit: -•> 

puuna 


a! lanta. 

dul M'!n*3. i WJJ*W F’v.ill ifict’S usnu MEKCURV 


t:r»:*i 

: . r r.«n .* 1 • 


1 'IT-.**. 1 * 

Krnya 


Poland kJ • 

ur-p[-i*+ : AV-2!J .- ToValf .invwtbtc other than ihr LSlT s.vi 

■ ••'.'-J 

— .- • ilJI'JI’M* 


v i 

V: ; «*■ -• .-’J. » . 


Punugal’i 

■ piHlir-]23i Oragnav 

l | ■ 


. - * . • • i ..-rmj*iv . ■ 


-X’ 1 . 2 

i i.-<|tlni*.l>-tn. '. •- • 

iss-i'j;; 

Puerto Rru**.’ ' 

1 i*.s, Virpn ULuyhilV.- 



.ri'- 

liiriulav 


U I 
- -.1 


luicnthcurc 
McxikdA 
Vhinaiir 1 ' 


S I. 

NV4«L|u 


San Maunn.’-L 1 * 
Slavik Rrpuhlii.i 
Sauih • 


172-IPZZ. 
WMiiTOJU 

i*Siip*JuiW|.[. 


V«C3lcU+4 


ITJ-Ii.m 


MCI 


,_ ' r ‘ l - ICJ’it." sixai nil pkiw i-jrd nr . alt i.Ohii. aji al ihe «n'r h»- rale*- 


1 . - - 
-J. .. 


> rj-* A \ »»i ^ -t’HiTl 

I **'S» 

ill U .LVJ> t^-J u*l •I’*! .'•'U 



m lef -lLTake You Around the World 


Fft»T< MO 


i'.-i (iri'iu-.-r.n /.•.■i.vo* tUgnteM tl' J newspaper ur ’ht pm 



ve. 


|r|^t 

1 y ,r 

/• 

* asR&s 

l- 



S .V-r * c 


f: 

K 

« ^ 


n<T 


aki 

aed 1 

.- r'Vr^i* 

The 

i iy4v; 

ired 



;the 


ritfaf 

• >- J* ;. 

ion; 

FS&jsji 

ieen- 


htd' 


vas 

> b.v-.yir:._- 

■jhie 

1 

S 


ould 

$oal 

: 27- 

1 r> 

ieafs 




...-a NMaii-j. 



• ' ." r 7' J - 














' h «1t ,v' «.■ 

v;^ 






*% Lead 


r ^u 


“ifc 


'■■ -•■:■:■ >1,. 

■ V - 




■ s 

- '--.vl, 

-- . _ • “tom- 




. a-^f. 




bi > 0 


r ^K( 


■^i _ j 

. ' | 41 ^'L- 


"•sHo. H*.' 

cr-aii? 


r <>•*; 


V' 

- Cjkfi-l, 






-** 




! i I'D ATE 


> »i t ■«*r r.uru ui? 




r;.- 1 ?■ 


.... I wi-fflO 1 " 



I 



theamericas/ 


m 


Unchecked Exports In Clinton Nest, Most Eggs Are Hillary’s 
Aid Anns Spread, 

U.S. Auditors Warn 


By R. Jeffrey Smith 
ft'iU&MgiCM Post Smtfi- 
WASHINGTON - The U.S. 
fiovemmeni has approved at least 
T.500 exports sintc I98Sofnudear- 
rdated equip men i to foreign com- 
panies or organizations suspeaed 
or involvement in nuclear prolifer- 
ation. according to a study by the 
congressional General Account ins 
Office. 

More than half of the exports 
were to organizations linked to Is- 
rael's nuclear weapons program. 
Others went to buyers with ties to 
suspected or confirmed nuclear 
weapons efforts in Brazil India. 
Argentina, Iraq. South Africa. Iran 
and Pakistan, the auditing office 
said after a 22-month study. 

The equipment included high- 
speed computers, lasers, oscillo- 
scopes. furnaces, metallic com- 
pounds, machine tools and other 
items with a total value of more 
than $350 million, the study said. 
While each of the items could be 
used in inoffensive civilian applica- 
tions. much of the equipment also 
could be used in weapons testing or 
the production of fissile materials 
centra) to nuclear explosives. 

All the U.S. exports were condi- 
tioned on pledges by the buyer or 
seller that the items not be used for 
weapons work, the office said, add- 
ing dial it had uncovered no evi- 
dence that the equipment was illic- 
itly diverted to nuclear explosives 
work. But tbe report also said the 
executive branch had evidently 
made little effort to verify that buy- 
ers had kept their pledges. 

“These approvals increase the 
risk that VS. exports could con- 
tribute to nuclear proliferation — 
in some cases significantly." Joseph 
E. Kelley, the GAO’s director for 
international affairs issues, said at 
a Senate Governmental Affairs 
Committee hearing Tuesday. 

Several congressional aides de- 
scribed the report as the most com- 
prehensive and damning audit of 
the U.S. export control system 
since the 1991 Gulf War exposed a 
pattern of U.S. and allied sales to 
Iraqi buyers linked to nuclear and 
other military programs. 

The report indicated that at least 
from 1988 to 1992. Washington's 
habit of approving sensitive nucle- 
ar-related exports extended to at 
least semi other nations besides 
Irat) that were^ suspected devel- 
oping nuclear arms. None of the 
seven allowed any international in- 
spection of Its nuclear activities 
during this period. ' 

.“We haveall heard stories about 
sneaky procurement operations.'' 
said Senator John Glean, Demo- 
crat of Ohio, the committee chair- 


man. “But the news today is that 
many of these goods did not have 
to be smuggled into secret nuclear 

weapon facilities. They were avail- 
able over the counter-quality items, 
made in U.S.A." 

The auditors' report said Israel 
enjoyed an advantage over other 
nations in gening U.S. approval for 
purchases of high-technology 
equipment that can be used in it's 
nuclear weapons program. 

Of on estimated 880 licenses 
granted for exports to organiza- 
tions associated with Israel's nucle- 
ar program. 238 were for comput- 
ers that “were generally more 
powerful than any exported to sen- 
sitive end-users in other countries 
of concern." the report said. Some 
were more powerful than those 
used to develop many VS. nuclear 


By Stephen Labuton 

.Vnr iWi Tim,*c Srnnr 

WASHINGTON — Most of the wealth of 
President Bill Clinton and his w ife. 1 iillary. is m 
i he name of Mrs. Clinton, according to finan- 
cial disclosure forms issued hv the White 
House. 

Making public their statement for IW. the 
Clintons estimated their net wonh at between 
S633.UI5 and S1.62U.U00. The rules do not re- 
quire government officials to report their worth 
precisely, but only to declare their assets m 
ranges, and the Clintons have declined to pro- 
ride more specific figures. 

Last July, the family followed the custom of 
all modern presidents by setting up a blind 
trust. They pul most of their assets in the hand' 


of Joseph C. McNay. who runs Essex invest- 
ment Management of Boston. 

But even m the trust. thev continued to hold 
separate accounts lor the president, first lady 
and Chelsea. Mr. Clinton’s share of the blind 
trust was valued at between 515.001 and 
$50,000. and Chelsea's was worth between 
$1,001 and 515,000. The first ladv’s was put at 
between $500,001 and SI million. 

While House officials said the Clin tons' deci- 
sion to separate their assets in the trust was like 
many couples who hold separate accounts after 
they get married. 

Still, it was no surprise that Mrs. Clinton was 
worth considerably more, since she Has been the 
main family breadwinner through most of their 
marriage. 


Mrs. Clinton was a partner at one of Little 
Rock's most profitable law firms at the same 
time that her husband was one of the lowest- 
paid governors in the nation, earning $55,000 a 
year. When he moved to Washington, he got a 
raise, and he now- cams S200.000 annually. 

The White House also reported that the Clin- 
tons accepted about SI 1.000 in gifts last vear. 
including a picture frame valued at 5530 from 
Tom Hanks, a $ 1.200 painting from Carlv Si- 
mon and S255 worth of silk neckties from 
Donna Karan. 

The disclosure statement listed no liabilities. 
In 1992, they closed out their loan guarantee on 
Whitewater Development Co., the real estate 
venture now under scrutiny b\ the independent 
counsel on Whitewater. Robert B. Fiskc Jr. 


Can a Sitting President Be Sued lor Past Deeds? 


weapons, the report ieu'd. 


auditors said the State De- 
partment had explained the export 
licenses by citing "the overall U.S.- 
Israeli relationship and the U.S. 
policy of maintaining Israel's quali- 
tative military superiority over its 
neighbors." In 62 of the *238 com- 
puter licensing decisions. Washing- 
ton obtained direct assurances 
from the Israeli government that 
the equipment would not be used in 
n ud ear weapons work. 

But U.S Embassy officials in Is- 
rael “questioned the value" of such 
assurances, which typically were 
not verified, the report said, it list- 
ed only one example of an embas- 
sy's trying to verify the peaceful use 
of an unspecified high-tech export 
to “an end-user involved in Israel's 
unsafeguarded nuclear program." 
The verification procedure, the re- 
port said, was conducted by “an 
Israeli national'’ who interviewed a 


By Ruth Marcus 

ll'in/unfhMi I'mi &iT\h ,■ 

WASHINGTON — The U.S. 

Justice Department is researching 
whether President Bill Clinton can 
be sued while in office fur acts he 
committed before taking office, ac- 
cording to administration officials. 

They said the White House 
counsel. Lloyd Culler, had asked 
the Justice Department's Office of 
Legal Counsel to look into the un- 
resolved legal question, an issue 
that could he at the heart or Mr. 
Clinton's efforts to deal with the 


lawsuit filed against him earlier this 
month. 

“We have asked them to look as 
the Justice Department at the is- 
sues involved in what you might 
call the public or presidency issues 
involved in a suit against a sitting 
president," Mr. Cutler said. 

The I aw sun by a former Arkan- 
sas state employee. Paula Corbin 
Jones, accuses Mr. Clinton, while 
governor, of violating her civil 
rights by sexually harassing her. 

Mr. Clinton’s private lawyer. 
Robert S. Bennett, has indicated 


that he may seek to block Miss 
Jones's suit by arguing that the 
president cannot he distracted in 
office by having to deal with pri- 
vate litigation against him. 

The Supreme Court ruled in 
1982 that presidents may never be 
sued in office or after departing for 
official acts as president. 

in that case, the court based its 
reasoning in port on the argument 
that it would be too burdensome to 
a president to have to defend him- 
self against civil lawsuits while Irv- 
ing to serve effectively as president. 


"Because of the singular impor- 
tance of the president's duties, di- 
version of hi* energies by concern 
w-ith private lawsuits would raise 
unique risks to the effective func- 
tioning of government.’' Justice 
Lewi* F. Powell Jr. wrote in that 
case. 

The court has never had occasion 
to consider the related question 
raised by Mis* Jones's case: wheth- 
er that immunity from suit also 
protects a president, at least during 
his time in office, from being sued 
for private acts. 


representative of the^urchaser and 


a public relations official at a gov- 
ernment commission. 

"The U2S. Embassy subsequent- 
ly recommended approval of live 
application based on the results" of 
these interviews, the report said. 

Such casual checks were com- 
monplace. the report suggested. On 
the few occasions that checks were 
made, embassy officials sent for- 
eign service nationals to inspect 
their own countries* installations. 
When UJS. personnel were in- 
volved, they typically were unfa- 
miliar with the equipment or the 
reason that its potential diversion 
had aroused concern, tbe auditors 
said. 

Other exports mentioned includ- 
ed 33 shipments of computers, laser 
equipment and pressure-measuring 
gear to India’s Bbabaha Atomic 
Research Center. The CIA says 
that the unmonitored research cen- 
ter is working on a hydrogen bomb. 



• l*n Mil .«ik«'T)r ImuwJ Pw . 

UNWELCOME WATT — Two of the 150 Haitians returned to their country by the U.S. Coast Guard waiting at the Port-au- 
Prince bus station to go hack to their hones in Petit-Goava. Since Friday, the United States has repatriated almost 800 Haitians. 


The Haze of Cigarette Smoke 

'All Victims of Concealment,’ Califano Says 


By Marlene Cimons 

. . Lus Angela Tima Service 

WASHINGTON — The secretary of health, 
education and welfare during the Carter adminis- 
tration has told Congress that had he and other 
federal. officials known more about secret tobacco 
industry research into the properties of nicotine 
they would have declared agamies addictive and 
moved to regulate them. 

- "Unfortunately, we were all victims of the con- 
cealment and disinformation campaign , of the to- 
bacco companies." said Joseph A. Califano Jr„ 
who once smoked as many as four packs a day but 
has since become an anti-tobacco crusader who 
calls tobacco “history's No. 1 serial killer." 

Testifying before the House Energy and Com- 
merce subcommittee on health and the environ- 
ment, which has been conducting an extensive 
investigation of the tobacco industry. Mr. Califano 
on Tuesday described an intense debate in 1978 
and 1979 over the government's role in regulating 

tobacco. * , .. , , 

He said Dr. William Polltn, then director of the 
National Institute of Drug Abuse, urged President 
Jimmy Carter's surgeon -general. Dr. Julius Ridi - 
motid, to pronounce cigarettes addictive. But Dr. 
Richmond resisted, citings lack of sufficient scien- 
tific evidence. Mr. Califano said- 
“Since we knew that the tobacco interests would 
attack any report we issued, we believed n was 
imperative that we be oft unimpeachable ground in 
all we said." Mr. Califano said. “1, therefore, 
agreed with Dr. Richmond, and we decided not to 
declare that cigarettes were addictive. 

The outcome of the dispute would have been 


different, “had we been privy to research" by 
industry added Mr. Califano, who now heads the 
Center on Addiction and Substance Abuse at Co- 
lumbia University in New York. 

In recent weeks, the growing debate over smok- 
ing has focused on whether nicotine is indeed 
addictive, as numerous medical experts have main- 
tained, and whether the tobacco industry has been 
manipulating levels of nicotine in cigarettes to 
keep smokers hooked on its products. 

Last month, chief executives from the seven 
leading U.S. tobacco companies denied under oath 
before Congress that they had been deliberately 
increasing nicotine levels in cigarettes and insisted 
that tbe substance is not addictive. 

But decades-old documents from at least one 
company, Brown & Williamson, which were re- 
cently leaked to the press and to anti-smoking 
members of Congress, indicated that executives 
there believed as early as 1 964 — when the first 
landmark surgeon general's smoking report was 
released — that nicotine was addictive. Moreover, 
other company papers show that the company had 
been working" on developing a safer cigarette, al- 
though it never marketed one. 

The subcommittee chairman. Henry A. Wax- 
man, Democrat of California, has scheduled an- 
other hearing Tor Friday and has asked the Brown 
& Williamson chairman. Thomas E. Sandefur Jr„ 
to appear. 

The company has claimed that the documents 
were stolen and are protected by attomey/clieni 
privilege. It has warned that quoting from them or 
discussing them publicly violates a court-ordered 
injunction. 


Gilbert Roland, 88, Dies, Actor 
Began as Latin Lover in Silents 


New York Tima Sent ir 
Gilbert Roland. 88. who began 
his career as a Latin Inver in .silent 
films and over four decades be- 
came one erf Hollywood’s ablest 
and most popular character actors, 
died of cancer Sunday in Beverly 
Hills. California. 

Mr. Roland was a native of Mex- 
ico. His father, paternal grandfa- 
ther and a great-grandfather were 
matadors, originally in Spain. 

A self-taught performer who in- 
variably wore a trim mustache, he 


approached competition with both 


i and tennis players with equal 
skill and determination. He was 
also a favorite subject of society 
writers in the early 1940s. when he 
was married to die actress Con- 
stance Bennett. 

Mr. Roland appeared in mure 
than 100 movies, first as an extra or 
bit player, then as the debonair 
wooer of a generation of film god- 
desses and later as a stylish, witty 
and authoritative fcaiured per- 
former. 

After serving in the U.S. Arms 
Air Forces in World War II. Mr. 
Roland portrayed a Cuban laborer 
with a poet's soul in “We Were 
Strangers" (1949). a roue in a polo 
coat eyeing the nubile Marilyn 
Monroe in “All About Eve" ( 1950), 
a malevolent ranch-squatter in 
“The Furies" ( 1950), a kindlv vil- 


lage priest in “The T«*rch” 1 1950). 
an idolized matador in “The Bull- 
fighter and the Lady" (1951 1 and a 
ruthless gangster in “M\ Six Con- 
victs” (1952). 

He was a sympathetic confidant 
to children in "The Miracle of Our 
Lady of Fatima" l l^SZl. a woman- 
izing actor in “The Bad and the 
Beautiful" 1 1 9531. a robust fisher- 
man in "Beneath the 1 2-Mile Reef” 
(1953) and a skillful trapeze and 
high- wire performer in “The Big 
Circus" (1959). 

Later, on television, he starred in 
two tong- running Westerns. “The 
Cisco Kid" and "The High Chapar- 
ral." 


Alfred O.C. Nier, 8Z. 
Atomic- Age Pioneer 

MINNEAPOLIS <NYT) — Al- 
fred O.C. Nier. 82. a physicist at the 
University of Minnesota whose 
early work on lead and uranium 
isotopes helped determine the age 
or the Earth and usher in the atom- 
ic age. died here Monday of injuries 
suffered in an automobile accident 
May 2. 

Mr. Nier's career was built on a 
high-resolution mass spectrometer 
lhat he designed and built while 
serving a two-year postdoctoral fel- 
lowship ai Harvard University be- 
ginning in 1936. With that device, 
he began a study of the isotopic 


composition of elements in the pe- 
riodic table. 

Bui it was his work on lead and 
the two main isotopes of uranium, 
U-235 and U-238. that contributed 
to the development of the atomic 
bomb. Mr. Nier’s research also led 
to a determination lhal the Earth is 
about 5 billion years old. 

Paul Shubnau. 72. the former 
U.S. Navy officer who went on to 
become the first commander of the 
Israeli Navy, died of heart disease 
Monday in Haifa. Israel. 

Jacques Koscusko-Morizet, 81. 
a former French ambassador to the 
United States, the United Nations 
and the North Atlantic Treaty Or- 
ganization. died Sunday in Paris. 

Alain Cuny, 85. a veteran actor 
known for his interpretations of 
Paul Claudel and Shakespeare, 
died Tuesday in Paris. 


Missiles Hit IBM in Athens* 


The Pm * 

ATHENS — Two anti-vank mis- 
siles hit the offices of IBM on 
Wednesday in central Athens, 
causing material damage but no 
injuries, the police said. The attack, 
by Marxist terrorists, was one of a 
series in the lasl 45 days against 
foreign companies in and around 
the Greek capital. 


U.S. Vows to Cut 
Homelessness 
By One-Third 


Lot Angela Time* Service 

WASHINGTON — The secre- 
tary of housing and urban develop- 
ment, Henry G. Cisneros, unveiled 
a hew federal effort to combat ho- 
roclessncss and pledged that the 
Clinton administration would re- 
duce the number of homeless 
Americans by one-third before the 
end erf its first term. 

The adramistration contended m 

.tsasaatsMS 

pfe are homeless., to 
minion people were without a per- 
manent residence atsome pton 1 be- 
tween 1985 and 1990. 

The administration promised to 
to give load governments, more re- 
sponsibility for creating compre- 
hensive programs t° «tabJish 
emergency bousing and -to tpea ; 
. substance abuse, mental dlness ao 
other problemsJhought to be attw 
root of homelessness. 


Away From Politics 


• A Mexican zoo official caught in a sting operation in which an 
American -agent dressed in a gorilla suit and thumped his chest has 
been found guilty in Miami of violating U.S. endangered species 
laws. Victor Benval, 57, faces up to 17 years to prison and almost $1 
million in fines for trying to pay $92^00 for a “gorilla" that turned 
outto be a U.S. Fish nno Wildlife Service agent in disguise. 


• Tbe vHk show host Ffcfl Donahue cannot videotape an execution for 
tdevision. North Carolina's highest court has ruled. Justice Sarah 
Parker, writing for the State Supreme Court, said neither the state 
nor U.S. Constitution gave Mr. Donahue or the condemned man the 
right to tape the execution. The court’s vote was not recorded. 


• A 9-year-oJd girt who (fid not like her teacher bribed classmates to 
blackmail him with false accusations of sexual abuse, the Chicago 
police said. She paid her classmates a dollar to lie. the police said. 
The teacher was cleared -when the children gave inconsistent state- 
ments and two of them, including the ringleader, admitted that they 
had made the story up. 


• ArtSwg in die case of a Ugh school principal who allegedly made 
racially derogatory remarks, the Justice Departmen t asked a federal 
court to Alabama to order school officials to explain why he should 
not be dismissed or reassigned. The principal at Randolph County 
High School, Hulond Humphries, threatened to cancel the school 
nrom if interracial couples attended and said the child of an 


prom it interracuu couples ... . . 

interracial conpte'was a “mistake," according to Justice motions 
Filed .in- Montgomery . . 

I AT. ■O'. aFt. up 


(fjheruton 

ALGARVC 


* t M I C V 1 t 1 s 


ITrSnEKMitt UnUMYIViUn-W*! 


The 

Most Luxurious 
Beach and Golf 
Resort in Europe 


Tct: (35 1-89)50! MV 
Fax: (351-89} 501950 
Albufeira , Algarve 
PORTUGAL 


Upcoming 

Classified Features 


Leisure 

Summer in France: May 20 and June 3 


Education 

International Business Education: May 24 


• Real Estate 

In and Around Paris : May 27 
French Counfry Properties: June 24 
Luxury Real Estate: June 25 

• Arts 8 Antiques 
Auctions: May 28 


For tunher information, contact: 

Fred Ronan or Brooke Pilley in Paris: 

Tel: (33-1) 46 37 93 91/83 - Fax: (33-1) 46 37 52 12 
Or your nearest IHT office or representative. 


Ifcralh^sa-enounc 


* POLITICAL NOTES + 


Health-Care Break for Small Companies? 


WASHINGTON — A leading Democratic moderate on health- 
care reform has offered a compromise on employer-provided health 
insurance, a move that could enliven the chance irf passing a bill with 
universal coverage in ihe Senate. 

In a meeting with Senate Democratic colleagues. Senator John B. 
Breaux, Democrat of Louisiana, outlined a proposal ihai would 
exempt companies with fewer than 1 1 employees from any mandate. 

“1 don't like mandates." he said, "but let's ask where they're had 
and let’s address the problem." Mr. Breaux is the co-sponsor with 
Representative Jim Cooper. Democrat of Tennessee, of a plan that 
does not contain the so-called employer mandate. 

Mr. Breaux called his proposal “an attempt to find a middle 
ground that is fair/' < ny>j 


A Millionaire’s Club on Supreme Court 


WASHINGTON — The nine members of ihe Supreme Court an: 
a wealthy bunch, with three millionaires — and Ruth Bader Gins- 
burg leads the pack. 

In financial statements. Justice Gins burg listed assets of between 
$3.7 million and $7.9 million. Sandra Day O'Connor and John Paul 
Stevens join her in the seven-figure categorv. Clarence Thomas 
brought up the rear with assets worth $80.000'to $275,000. Justices 
are required to list assets in broad dollar ranges, but they do not have 


io declare personal property. 
The justices also have to" d> 


declare gifts. Most mysterious was the 

listing of two paintings of unknown value given to David Soutcr hv a 
Patricia Andrews. Justice Thomas listed, among other thing.', cigars 
($150) and suspenders ($125), and Anihonv Kennedy put down 
shirts (S400V. 

And if Stephen Breyer is confirmed to fill retiring Justice Harry 
Blackmun's seat, he will bring the Millionaire’s Club to four. | H?J 


Social Security Is Coming of Age, at Last 


WASHINGTON — The House has voted to detach the Social 
Security Administration from the Department of Health and Hu- 
man Services and make it an independent agency, ostensibly to 
protect ils trove of money from the “political mischief" of free- 
spending bureaucrats. 

The bill approved Tuesday, by a vote of 413 to 0. would give the 
office a higher profile in Washington, where every droplet in the 
monthly gusher of benefits is a mailer of some political importance. 

The House bill is broadly similar to legislation that passed the 
Senate by a voice vote in March. \K YT) 


Democrats nominate Doctor in Oregon 


PORTLAND. Oregon — John Kitzhaber. the physician architect 
of Oregon's first-ia-ihe-nation health-care rationing plan, cousted to 
the Democratic nomination for governor and will face a former 
congressman. Denny Smith, in the fall. 

Dr. Kitzhaber. a former emergency room doctor, faced only token 
opposition in the primary Tuesday' from Paul Wells, who did not 
campaign and described himself in election documents as a house- 
wife. The Republican primary, in contrast, was a bitterly fought 
coniest between Mr. Smith and Craig Berkman. both millionaire 
businessmen. 

With 90 percent of precincts reporting. Kitzhaber had 89 percent 
of the vote to 1 1 percent Tor Mr. Wells. Mr. Smith had 50 percent to 
Mr. Berkman 's 40 percenL 

The Kitzhaber plan is an effort to to increase the number of people 
eligible for medical care at public expense by restricting the types of 
services they can geL (A P) 


Quote /Unquote 


President Bill Ctinlon. addressing pupils at a middle school: “No 
one is entitled to instant gratification all the time, to get what they 
want when they want it, right now. You have to be willing to pav the 
price of time." (WP) 



FOLLOW THE WORID EVERY DAY IN THE IHT 

Subscribe now /m O /q off the 
and save up to JmJ m cover price 


CAU US TOLL-FREE 

AUSTRIA: 06408155 LUXEMBOURG 08002703 

BELGIUM: 0 800 1 7538 SWtTZHWM> 1555757 

FRANCE 05437437 THENETlOWMiS: 06 0225158 

GERMANY: 0130 848585 UMTHJIONSOCIM; 0800 89 5955 


^Oj^nc/in jfie coupon below . 


OourvyCuioncy 

12 month* 
+ 2 months 
FREE 

■255 53* 

6 months 
+ 1 month 
FREE 

3 months 
t 13 FREE 
issues 

Aunra 

A. Sch 

RA00 

„ ■ w - . 

X3M 

1JM 

EMnun 

BFl 

14AOO 


7.700 

4200 

Omni 

DA. 

SAM 

»=-:•■ j 

1,300 

12150 

Ftntend 

FM 

2400 


1300 

TOO 

Fiance 

FF. 

- 1i?» - 

■ ! Air 

1-070 

590 

Gsrniarw* 

DM 

700 


3M 

210 

CiMBinDMi 

E 

210 

L .•a* " " 

115 

66 

Greece 

Dr 

KJWO 

a*-’ ' 

41 AOO 

22.000 

(retold 

EM. 

230 


125 

H 

teJv 

Lr© 


' . 

2TOJM» 

150.000 

LweatuMoq 

L ft 

14AM 

■ ■-.aa-.-v 

7.7M 

42M 

HODMands 

Ft 

770 

. m ■ 

*20 

230 

Norway 

HKr 

3AM 

• 

1AM 

1.060 

Pcfluoal 

Esc. 

<7.000 

e " 

WOOD 

14.000 

Span 

PHfi. 

48LD00 

• • '»* V 

26,500 

14500 

-hand defer. MadM 

Pun. 

S5A0Q 

. .- 

ST £00 

14500 

Sresden 

SKi 

JL1M 

" MI- ■ 

1.7M 

BOO 

-handdefcwv 

SKr. 

3AM 

W M. 

1AM 

1AM 

Sawzwtend 

S.Fr 

610 

"-.m v 

335 

IBS 

Raa at Europe &CQ 

s 

405 


MS 

146 

CRN. Ainu, tonal 

Fundi A/rcaa Mitts £aa 

s 

630 

" v "".V* / 

3*5 

100 

God Satec. Aaa Central and 
South Amarca 

s 

7M 

/; 

430 

235 

HMOMnca 

5 

900 

»" V— \ ’ 

«K 

278 

4 For notimcfl concsruig hand-dekvery n major German opes cell loti tma IHT 

Germany ar 0130-84 B5 B5 w ta» (066) 175 -113. Under German leguiaMrts. a S-weea 
tree period e. granted lor at new OflKtS. 


Yes, I want to start receiving the IHT. This is ihe subscription term I prefer 
[cheat appropriate boxes]: 

G 12 months [364 issues in oB with 52 bonus issues). 

□ 6 months {182 issues in all wHh 26 bonus issues). 

G 3 months (91 issues to off with 13 bonus issues). 

My check is enclosed [payable to ihe International Herald Tribune), 
Pfeose charge my. n American Express □ Diners Qub l j VISA 
U MasterCard □ Eurocrat! n Access 


B 


Credit cord charges wifi be made in French Francs at current exchange rotes. 
CARDACCT NO. 


exp. Date , 


.SIGNATURE. 


FOR 8USNESS ORDERS, PtEASE NUCATE YOUR gAl NUMBER; 


(IHT VAT numbur. FR7473202! I?dl) 


a Mr.D Mrs LI Mbi FAMILY NAME. 


FtPSTNAME 


FHMANENT ADDRESS □ HOME D BUSNE5S. 


arr/coDE, 
COUNTRY—. 
TH 


.FAX. 


Return your 

IHT, 181 Avenue 

Fax: 33.1.46 370651 - 


, France. i 


: 33. 1.46 3/9361 
This offer expirta August 3 1 I 99 a, and is arable Id rww subscribers only. ■ 


llcralb^^feSribunc 


el 

;of all the 


wed that 
•n against 
" toward 
U the re- 
orwegian 
navigate" 


vited Mr. 
> Oslo to 

1 by Car- 

Founda- 
■ to honor 
uleader- 
loward 


lr. Carter 
’ the late 
y Smith, 
ack arch 
uated on 
‘or. 

semed a 
Institute 
the Nor- 
f osier ed 
. negotia- 
te PLO 
/ay's for- 
e. Johan 


ear after 


ad been 
last Sep- 
ian offi- 
J out for 
Jem Bill 
aderson 
: for the 
accord. 


trafal 
tent said 
at's call 
trusaiem 
:ommit- 
ptember 
s repon- 


spokes- 
thatSec- 
Christo- 
te U.S. 
seek an 
the re- 


believes 
•mod to 
ith com- 
i to both 
raimity" 
inripies 
rfcCurry 


‘alesttoe 
agreed 
r.but to 
e future 
*al«tin- 


OTcnta-. 
ssemial 
i up to 
s.” Mr. 


r 







I 


Page! 


INTERNATIONAL HERALD TRIBUNE, THURSDAY, MAY 19, 1994 


Rwanda Stand Reflects New U.S. Caution No Threat 

Bv Douglas Jehl full-scale mission forward has when w'e do tum to the UN. the approach o«n to playing a second- Ry 

AV» lnrit Times SiTvicf angered some other nations, which UN will be able to do the job/’ Ms- a*y role m a UN response. J " 

WASHINGTON — The blum see speed as essential if the United Albright told a House Foreign Af- With the vote late Monday night __ - ~ 

refusal of the United Stales to au- Nations is to help end six weeks of fairs subcommittee. in the Security Council, the United A j\jd In r f /iM 

diorizc the immediate disDJich of ^bal massacres that have left lens she said the administra don's in- States agreed to support only the f \j lo lUMl 


Bv Douglas Jehl 

A'en InrA Times 5 lTvici' 

WASHINGTON — The blum 
refusal of the United Stales to au- 
thorize the immediate dispatch of 
5,500 United Nations troops to 
Rwanda reflects a new caution 
from a While House now deter- 
mined to stand in the way of UN 
peacekeeping missions it regards as 
unwise, according to Ginton ad- 
ministration officials. 

In insisting that a first-wave UN 
force in Rwanda remain more 
modest, the administration has 
made clear that it intends to apply 
its rigid new constraints on peace- 
keeping to all UN operations, noi 
just the ones in which the United 
States might play a central role. 

The American demand that 
more planning be done before a 


full-scale mission go forward has 
angered some other nations, which 
see speed as essential if the United 
Nations is to help end six weeks of 
tribal massacres that have left tens 
of thousands of people dead. 

But after a year of setbacks for 
the United Nations in Somalia and 
other trouble spots. President Bill 
Onion’s top deputies said Tues- 
day that it was essential to prevent 
the United Nations from over- 
reaching now in Rwanda'and risk-' 
ing what credibility ii retains. 

In testimony before Congress.. 
Madeleine K. Albright the U.S. 
chief delegate to the United Na- 
tions, insisted Tuesday that it* 
would have been “folly'"’ for a UN 
force to venture quickly into the 
‘'maelstrom" in Central Africa. 

“We want to be confident that 


when we do tum to the UN. the 
UN will be able to do the job." Ms. 
Albright told a House Foreign Af- 
fairs subcommittee. 

She said the administration's in- 
sistence that the United Nations 
prepare more detailed plans before 
3 brigade-sized mission is sent to 
Rwanda represented the first test 
of “presidential decision directive 
25," issued by Mr. Clinton earlier 
this month, which calls for new 
U.S. prudence in peacefceepfng. 

ln a sign of new caution about 
humanitarian intervention, not one 
member of Congress countered 
that the Vailed Slates had a moral 
imperative to take action. Even 
with new- reports of killings emerg- 
ing from Rwanda, a senior admin- 
istration official defended as ap- 
propriate the painstaking U.S. 


Fraud Charged in Dominican Vote 


By Howard W. French Jr. 

Vck Yifk Timet Scnii.v 
SANTO DOMINGO. Domini- 
can Republic — Tensions mounted 
here on Wednesday as vote count- 
ing for elections held Monday 
neared its end amid charges by the 
main opposition party that sup- 
porters of President Joaquin Bala- 
guer Ricardo had ngged the pro- 
cess in his favor. 

With more than three quarters of 
the vote counted. Mr. Baiaguer 
called himself the "virtual winner.” 
even though only about 3R.0U0 

To subscribe in Germ any 

lust call, tall free. 

0130 EU 85 85 


votes separated him from his near- 
est rival. Jose Francisco Pena Go- 
mez. The incumbent is seeking his 
seventh term in office. 

As Dominican Army and police 
units stepped up patrols in the cap- 
ital. performing spot inspections of 
many vehicles to search for arms. 
Mr. Pena Gomez. 57. appeared on 
television here to denounce what he 
said was a systematic electoral 
fraud aimed at blocking bis victory. 

“They are trying to Lrick us." he 
said. 

The leader of the Dominican 
Revolutionary Party said he was 
"| preparing to sue electoral officials 
I over their handling of the vote and 
I would demand a “ballot by ballot" 
I recount. 


In a critical appraisal of the elec- 
tions, Stephen J. Solaiz. a former 
Brooklyn representative who led an 
American observer delegation here, 
said thousands of Dominicans had 
been deliberately excluded from 
the voting process. 

The elections have come under 
special international scrutiny, in 
pan because of the Dominican Re- 
public's role in the political crisis in 
neighboring Haiti. Dipioiruk' say 
that Mr. Balaguer, 87. who has lone 
had strained relations with Haiti's 
exiled president, the Reverend 
Jean-Bertrand .Aristide, has done 
little to enforce international sanc- 
tions aimed at forcing the Haitian 
military to relinquish power. 


approach even to playing a second- 
ary role in a UN response. 

With the vote late Monday night 
in the Security Council, the United 
States agreed’ to support only the 
imm ediate dispatch of an 850- 
member Ghanaian force to the air- 
port in Kigali the Rwandan capi- 
tal and the transfer of 150 UN 
military observers to positions in 
outlying regions. 

On Tuesdav. administration offi- 
cials admitted that their refusal to 
approve a larger peacekeeping 
force also reflected a disagreement 
with the UN secretary-general. Bu- 
rros Burros Ghali, who has recom- 
mended that UN iroops be sent 
directly to Kigali a step the United 
States regards as unwise. 

In her testimony, Ms. Albright 
told Congress that the United 
States believed that the peacekeep- 
ers could play a useful role in 
Rwanda and "would be ready to 
agree to a large mission. 

But she said the administration 
had believed it vital that Mr. Burros 
Ghali first win firm commitments 
from troop-contributing nations, 
gauge the response of Rwanda’s 
warring factions, and spell out 
more clearly what the UN peace- 
keepers could do and how they 
could eventually be withdrawn. 

As an alternative to Mr. Bulros 
Ghali’s plan to send all 5,500 UN 
troops directly to Kigali, the Unit- 
ed States favors a strategy that firal 
would deploy them along Rwan- 
da's southern and western borders, 
where American officials believe ci- 
vilians may be in greatest peril. 

Only later tinder that “outside 
in” approach would the bulk of 
UN forces be moved toward the 
capital and the Rwandan interior. 


JOHANNESBURG— In a pub- 
lic declaration of loyalty. South Af- 
rica’s white mi titary eta* offered 
an effective "no coup" plcdgp on 
Wednesday to their new black po- 
litical leaders. 

It was tbe most striking sign yet 
that tbe old apartheid state's war 
machine is fully under the com- 
mand of onetime black outlaws 
who now run the country. 

The assurance came from Gener- 
al Georg Meiring, who heads the 
renamed South African National 
Defense Force, which is integrating 
former guerrillas with regular 
iroops over the next three years. 

A counterinsurgency expert and 
once-dedicated foe of the now-gov- 
erning African National Congress, 
the general told the Sowetan, a 
black newspaper, that the military 
was not “a threat” to President 
Nelson Mandela's government. 

“As long as there are men with 
weapons in their hands, there will 
always be a danger that they will 
use them in an undisciplined way.” 
General Meiring told the paper. 

Asked if the defense force would 
be a threat to Mr. Mandela's fledg- 
ling government of national unity, 
be said be did not believe so. A 
well-disciplined force is less likely 
to be “used indiscriminately," be 
said. 

He also promised there would be 
black generals on merit in the 
white-led. 70,000- member army, 
navy and air force. 


EUROPEAN 


TOPICS 


In a 'Revolution 9 lor the British, 
Highe r Education Gains Ground - 

As hundreds or thousands of students prepare 
for the examinations that a re- a spring ritaal in 
Britain, policymakers are grappling with a surpris- 
ing trend: Most 16-year-olds will not abandon 
their books when the tests are over and compulsory 
schooling officially ends. 

Po&tsecondaiy education, once the pursuit of the 
privileged few. is expanding rapidly in Britain, 
reports The Washington Post 

“Years ago, nothing but a handful went to 
college,” said Mike Read, prisripal of the Geoffrey 
Chaucer School in London’s tough Southwark 
neighborhood. “The vast bulk went into jobs. 
There was no future in them, though-” 

- Now, Britain is beginning to abandon long- 
standing practices that led to anderachievement, a 
poorly skilled work force anti a society divided by 
the aspirations of its people. 

In 1988, when tire surge in postsecondary enroll- . 
ment began, fewer than half of all 16-ycar-oids 
continued in school or in training, and only. 15- 
percent of 18-year-olds entered a university. To- 
day, almost three-quarters of the country’s second- 
ary school graduates stay on tor at least another 
year, and 31 percent opt for a university degree. 

For many years after Work! War IL mostteen- 
agers left school at 15, and university spaces were 
reserved for a social and professional elite. ~ 

“It's a revolution.” said ST John Cassdls, direc- . 
tor of a national commission that has proposed 
radical chang es in education. - 

The impact of the boom is evident throughout-; 
society, as students postpone earnings, schools 
break ground for new dormitories, employers seek 
older, more qualified wankers, and politicians con- 
sider how to pay for a mass education system like; 
that long enjoyed in other industrialized countries. 


iYi (Dili PPTAtnia 


" r. rrri 

■v t-ih. niii: 


,.ViYia.'U*l>rl 


law applies to all the 430,000 Swiss men, thrcwg 
age 5?; whose, menial or physical haniaps 
vent them from doing nrifltery service. JJ* ■ - 
collects some 120 mflbon Swiss Jrancs (SS5 mil 
lionl through the lax each year. - 

France’s urban efite fc attracted to its own kind, 
more than ever in this centmy. Two ymmg socul 
researchers, Cyril Grange and Luc AnaodeL 

French socwl elite, from 1 903 to tbe present- They 

found .that among, sons of urban couples uj me 
j* nf mucks in 


uvuira were mumi iurr«. 

pSrbnl for girls. -The angle factor toarmosi in- 
creased c ha nces of .an .'inter-JBottin” marriage was 
the fathers membership in. the prestigious Saint- 
OoudgotfcUib; having afather who was an arusu 
architect or journalist considerably lowered the 
dunces..’:' ■ r 1 ’• ;- 

Twenty-two years after it opened as the site of 
some of the- world's most striking architecture. 
Olympic Park in Mamch is falling apart. Recently, 
a 500rkflogram H , 100-pound) section of concrete 
facing fell off a building and landed in a parking 
lot near Barbara Rode, one of the 12,000 tenants of 
the complex's apartments- There are hundreds of 
such dabs in. the park; some weighing 2 tons. 
Resid ents also complain of crumbting roads and 
sid e w alks. The company mana ging the site says 30 
million Deutsche marks .{$18 mnlion). has been . 

spent on repairs; it’s estimated that 50 million DM 
moie.will be needed. . <•' . ’ 


• Brian .Kxiowlton 


INTERNATIONAL RECRUITMENT 


unicef # 

United Nations Children's Fund 

The Urmed Njrions Children i Fund, with headquarters in New 
York and ottices ihroughoui ihe world, seeks qua li tied candidates 
for Ihe following position: 


SENIOR PROJECT OFFICER - 
PLANNING AND EVALUATION (L-5) 
Beijing, CHINA 


Under the overall guidance or ihe Reiiresemative and Senior 
Programme and Planning Officer, serve as ihe specialist in ihe areas of 
pc- lie, planning, social and economic analysis of factors affecting the 
situation oi children in China and provide technical support to the 
planning, monitoring and evaluation of the countn programme. 

Minimum qualifications: Advanced university degree in social sci- 
ences with specialized training in development planning, monitor- 
ing and evaluation and statistical analysis in social context. Ten 
vears of progressive experience at national and international levels 
in planning, monitoring and evaluation ca social devefopmenf pro- 
grammes particularly in developing countries. Proven ability to 
Conceptualize, plan and manage programmes as well as to transfer 
knowledge and skills. Leadership and organizational ability. Good 
analytical, negotiation communication and advocacy skills. .Ability 
lii work in an international or multicultural environment, 
knowledge of computer management and applications. Fluencv in 
English and anorher UN working language, knowledge •>! Chinese 
f. Mandarin i language desirable. 

UNICEF, as part ot the United Nations common system, offers 
competitive international salaries, benefits and allowances. 

Please send detailed resume, in English, quoting reference VN-94- 
052 to- Recruitment & Placement Section, UNICEF, 3 United 
Nations Plaza, IH-5F), New York. NY 10017. USA. 

Qualified women are encouraged to apply. Applications for this posi- 
tion must be received hv |une 2, 1994 Acknowledgement will only 
be sent to short-listed candidates under serious consideration. 

L’NICEF is ; smiA e-l’ree en, iron mem i 


The International Federation of Red Cross 
and Red Crescent Societies 

Director 

Public Affairs Department 

TMs posit. or. tt-c^e'snip t; o: ; eiai-naMs -?f o public 

..-■foimcrior./c.^biic: r p.cTOmnj |i-.a: p'ornofe: the 
F-rdeioti env v.-or. wiri.-j-.-. ,■->?. i-ief-.Kii'i 3 ccnoepluoiisohon o! me 
prCJ'Ctmm*. Cota-run? ;-iQ?.rT *r t juPp-rt *Or if tjrrl 
imc^imevor^n n-.oraa i ?~' c .' r * jrd oi a -ost-jn recerts to 

me Secretary n-eneio: ?, ct me.-r.Le> ■;.? r-rai-ooemeci gtcup 

Key «eos of Resporvsibirriies: lends ar.o me- ages •t'e Public Affairs 
Oec-zdrrienl v/:fn Cirre-nM; " van rerncetl =."SU>e5 ir.terryjtio-C' 
med'C coverage ot Ftoercm ,r f'ei <S or. v.a! ors *.-*ri!y nev fe-aoeis. 
Advnej or.d rroins s^-oret-oric! m p r icjcj*T , i-:-.i i^-ppitmeriis. tieid 

de'eqcfi cm c. *f.e p.jbl:c O^O'*: c.o'.t at in=?c rjorv 

'deri’tities v*riie.s phot ag* 3 oners -ecp'ir*'; ■/.if'd-.vide to 
underrate Federal: r. ond rtahonai oeN ci:>5rpn-,me os:-pnn-.er.t5 
5>joer'/ises = "jD | o aho/s sian-occ jmsfetel acti.-.ties lie pioduct>or. of 
print, rodlp-. T.-. ..dea proto e'hipi* mo'er-olj. w.tf'ng ot senpts. 
arncies. r»e.--'sietters. report;: ed.t'np pi ^-itteri ar.d broedsost 
rrore’iat fimefr col drottor. of responses to -.romofion m au.nej 

(requirements. t/n.-/er'i. L # degree w»"X?n of X vop-s «r» 

intc. motional mor.oaerrient pa: 1 nor, i.-. .jr. ,■ ot me ro"o*rmg o>eos 
cnmrnijrnca lie n, 'public relations, un.vers.f. p-jbliSh-r..;, oorparate 
industrial roJatoris. i-aKijr reiafioris political C'Trwgrj mancgener.r 
cnaUsh and Frenct' essential, o’her larguages an additional asset 
Computer rJe*ocy Famlilonh- with modern n-ancaer-ent lecnnfques 
r-rit is Dosed m Geneva Tho feceroti; r . is an eaua 1 oppodunily 
e-r.c!o,-er 

Applications 1C te sent to me Huma-i u-ces "epertment p y ;uV 
1WJ 

International federation of Ped Cioss and Rod Crescent Societies 
PO. Box 372. CH 1211 Geneva 19. 

Switzerland 



APTV 


The Associated Press (AP) is the world's largest news gathering organization, serving 
15.000 media outlets worldwide. AP Is launching. a gloJb^LvJd^o.news.gathering service 
this year. ’ St .i'-" *• ' • - »- 

APTV wllL provide coverage of. breaking global and regional stories to the world’s 
television news organizations. Based in London, this new force 'in' TV 'news will add news 
gathering capability in each of AP’s 93 International bureaus, in 67 countries. APTV Is 
seeking candidates for the position of Regional Executive In London, Cairo, Miami and 
Hong Kong. 


THE APPOINTMENT 

■ Sell AFT.' service and maintain customer 
relationships with world and national 
broadcasters. 

■ Analyze the market for new business 
opportunities. 

■ Develop launch and sell new products 

* Provide exrsiien*. 'evel of customer 
service 

Please apply :r>. writ -r.c with a full CY. quoting . 

reference ;0o4b E and des.red location, to • 

Sosanpan Tr.tswsi. 


THE REQUIREMENTS 

■ Either strong background in the sale of 
international television services or 
significant experience in international 
television news. 

■ Excellent skills in preparing and 
presenting written proposals 

■ Prepared to undertake extensive 
international travel. 

■ Relevant foreign language skills 

K/F Associates, 252 Regent Street, London 

W I R ‘’DA APTV is an equal opportunity 

employer 


K/F ASSOCIATES 

S t* l e c t i 0 n & Search 



Business Objects 


EUROPEAN DISTRIBUTOR MANAGER 

Italy. Spain, & Portugal 

Base FF3fK)k OTE FF600K Paris Based 




Sales Entrepreneur (Europe) 

Unique opportunity lor action-minded, well organised and 
people-oriented Top-Silc^ManaRcr with proven 
management experience in Direct Selling. 

Your task: Consolidation anti development of cabling and well- 
introduced Sales-Organisation on regional or national level 
in one of our European companies. 

Yruir partner Multi-Million American, European Comp,lny. 
Market- Loader. Compcnsifion Khvmc and s-xiat status 
reflects the particular importance of I his management- 
position. 

arc tonfidcnl'.jUu ttcalcd Ulh't'r 

Mr. H. Angemiann, Formei 3. GartCflstrasso 11, D 33604 Bielefield 


ijfO'A--; .at a rjte of ii>Y- vflth a 

product that has been ssiactec a5 t-est t. ciass’ in 
the US. Business Cbjects are set to become the 
fastest growing s ofasare ccroany u ihs decade. 

ProvHfr.g iesh. cractica! and secy Gb;sct-based 
er.c usd' data access tccls r, 2 nantst that wi be 
worth S3*D0M by I9?T, Sosr^ss Objects s new 
wised to capitaise or. cs rapt growth cf the last 
four years. 

Wb a network of Euraeen ferates already in 
place. Easiness Objects ;.«sr :o ’srrp up tr:ex 
•Xnrei>yi n SoDer t jrooe -r. response *o market 1 
cemand. ? 2 rtca!ar emphas.s r.f! be Biaced 
on assisting the prcrrcr,ent istTbutors 21 >taiy and 
Span n developing sgspcai; revere strsans 
■••.Thin the frsf year. 


Therefore, a dose working knowledge of these 
markets would be flighty desirable, as well as 
Major Accouits Sates Management emerience. 

You iv® also have a strong understanding of 
international tiered distribution cfarmeis, networks 
aid contacts and vri! have sold high value software 
products successfifiy for at least row years. 

Fluent English is 2 iso retired. 

Don’t miss this opportunity to join a vibrart, dynamic 
& mmg team - write or tax a resisne in cwipete 
confidence to NICOLA H0DCES: 

Pn^rtGjinputerRecivitmart 
Castte Hin House, Castie F®, 

Windsor, Beds SL 4 1 PD I HP 

TeL;+ 44 (753) 833774 | |p| 

Fax: *44 (753) 864 768 mSm 




• SoM cmuuKj of Engfeh, Frm 
end kro-Wg# o» Spwih. 

• Dynanc, oarovot, axAcfcfit. apli- 






SB 


USA & OVOSEAS JOSS. 2D00 |cOi. 
US0 frr»B. krjejl ounpr.i k: to 
makw Cftervm S 'A USA fir. 

S 23 Bait padia-js J5£ Vfca. MC 
Amt. Omerv 11m mb. G*- 5 ^ 
Uf« WOOL-WIDE. t« &* l 213* 
>5!}. !ra 'Xw-., AZ ESC61. 
rxi SJi m. 


aPBUSKto IHOUSIuAV ledncel 
SiiMh aa=re men' G ffiea *. 

V9CU poaJ-on m 

ftdi Btu 361 1. LHT.. F'*dneh>ir h 
n jam F:gnKwrt'M*». Orroy 

ftBIO* ABOCTKT, 31. io~. f 
oraswoure knixotit =a^ Sve 
a, A t'bar. rie^gr n Fiorse V <±<wS 
Firrurr'Em^W' c«l v*** scmUi r?t 
Hi <205 5 $ ?<>■ |li *2C5 2» 3t 


Amdahl ie mrfc es eomuflof t, 

4r-±«P cr of iomcue» reUui prei- 
ttr. ftar. ISAr JAPAN. SSCfS b- 
mrczfl tr *itJ c**S »5 


mason (T|«R for a *rxr, a 
SWrSLV&tEUL «k "we 
ajef GAJJOJLr [TsL'rV. f-? 1 
rusr 


MTSB5TM PCSTtON flEOWto 

•« It3«tad Sngahr uj t post ^ 

rtCrmq Vcw«l fo. U* it fJBK 
*47c3 v Tet u. ppa air^ 

GENERAL POSITIONS 
AVAILABLE 


SA1£S BOWE S D IW1V1 WAW7SD. 
tentfa ri Trade 
riapewt far each «o**Y- T» 
be Ire oak tale rep « e* 

Earning portal ore- TSflOO. 
Emjiw fan Tra te Mtete >i the US 
• Sows BBC 




DYNAMIC NffirNAJlONAI 




ADMINISTRATIVE SECRETARIAL POSITIONS 


■ Several years' experience, - 
with comprehensive know- 
ledge of PC and Macintosh 
environment ; 

■ Fully bilingual English/ 
French...- 

■ English/French shorthand 
a prerequisite . 

■ Outgoing personality 

■ Well organized and willing 
to work flexible hours - 
Please send your CV including 
salary requirements and 
a photo to-SITA - Ref. DM 
26, chemin de Jolnville - Case 
postale 31 - 1216 COINTR1N 
SWITZERLAND. — - - 


World leader In 

Telecommunlcatjons 

’ Services- - 

. We wish to recruit a 
.bilingual Executive 
Secretary for one of bur 
Vice Presidents based 
in Geneva. . .. 


executive 

secretary 



Airline catering company, subsidiary of an International group, 
based at the Rrissy CfwrfcS:ie CouHe Airport, seeks a personal . 
assistant for Its European management team. 

The candidate should be a native English speaker and be fluent in 
French, have a BIS secretarial degree {or equivalent) and have at 
least five years' work experience^ in a similar position. 

Good knowledge of Word for Windows required 
Please send a cover letter. CV arid photograph to: 

-Catebair France . W - ■ 
Myriam Ehrmann 
BP 20316. 

95713 Root CDGCeoex 


2114 IA -3276 N«w Ywh 


EXEOJTIVKS AVAILABLE 


uhwijo nWvyo' win a □agree n 
Bcoooraa. mnemoo on Bufmlfi 

iiuMAYi v conan moiBna wa — I 

U. dreBoob. ptaa, odhrere, pack- 
agio^ cachin gs md d u ergatte . I on 
m lwg o now dalBine m o nn» 
mU potftwo Dirador, 

Cenerd Mao offer, MIU in at Btamo- 
tad^oryriLJm «i En topO, USA . or . 

My sJronjths are; 

• Ma- ta tfing aad aala rf pAMrial 

• S^^toandrearganckanaf - 


• Grafton af profit via pnxfaa and" 

■MW WRMraKBKn 

• Anar raognn ModBig «■ 

rtQHrtiQp awym 

■ ManapMH experienco wftn a 
•AincAood nan otgoaizaiaa 

• IronoB are dmdapam of 
coanarooi ptefil 

My wwtafiB fc*gw9« « 

Fimn and Gmul . . . 

Rpae [H*r toogher 44^8260 
PuMaftn. f®. Bok CH8QZ1 ZaWv 


I » > ? ttii . t 1 '.f.\ 7 1 1 nl 


»ratANT««OUP 

iw rerifc icofa an 

BQCUIIVE SKKURT 




l/L’tyra 








SECRETARIES AVAILABLE 


nSWMIAN, jbaliiB far 


S^mTTVv i if:n J 


AUAMA toUCAnON 
MTIAUVE 

Bie Saras Foandrim is a Anno qnafi- 

arsis 

rvwmmas eva nworpi ro pruncry 
a nd sa condtiy t d p crfcn sysrwn m 
ASxna 

Prattf Oreda . 

To avmot Hit ararafl dovetopmeni, 
«HPjw «AA qv. wd maoilonBa of Hit 
prorei bqwtnrets M osMrt degiec 


wwgsttart; f j*m u Ht mOioiyH «- 
peneuai and Wong roon c g w B U aid 


'T-^B ', r :r7r 




Mull rmn) 


YOl SAW 

^TmsAn. 

^Ss-sts. 

ABraaas, 





























** 


: i'z " “ 

■>■ taints? 


^S§5 


In a Final Cascad 
Israelis Quit the Caza Strip 

By Clvde Ha!vrm.,« 



By Clyde Haberman 

AVv ) ork Tmm Scrvur 

xJr AZ/ i“L Rel,e ' eJ abou * laying 
down (he burden but nervouf 

ba l5 «d cora- 
G£f? ? *™V‘ withdrawal on 
edn«day from Palestinian towns 
and refugee districts in the Gaza 
strip, 
wii 


Mlgcd Urn this land belonged to the 
Palestinian people, it meant they 
know their presence on this land is 
drega!." General Yousef said ai a 
news conference. 

“This is a transitional period.” 
the general said. “But finally they 
leave— '* “ 


, /it *L lh ? soldicre’ departure, un- 

f " a f final "*«* of stones and 
jeers from young Gazans deter- 


will leave — settlers and forces." 

Anticipating ihe imminent end 
to its occupation. Israel began 
moving equipment out of Gaza 


Up [>c 1 \ 

£H«*MI 


£*![ 
Hb!| 

c 'Cm 


ouned that the Israelis would be- raan 3 r wec I £s ago. Last week, it 
Palestinian sdf-ruJe withdrawing soldiers in 

went hilly into effect, as it did davs fashion, abandoning one 

ago in the West Bank town of Jefi- or tw ° oul P osls at a lime and al- 
ch °- ways at night, to avoid rocks and 

« does not mean that Israeli ' 5u “ els as much as possible, 
forces will disappear here. Israel For the most part, the bil-at-a- 


The soldiers were gone, and Pal- 
estinians celebrated with cheers, 
hugs, tears and automatic rifle fire 
— long bursts into the air by fresh- 
ly arrived police officers and bv 
anued young men who form mili- 
tias that the new authorities must 
ran in. So many bullets were fired 
that one commander said his forces 
had exhausted most of the ammu- 
nition that they brought with them 
from Egypt and Jordan. 

Gaza is the key to success or 
failure, Palestinians and Israelis 
agree, and security will be a central 
issue. One test will be what hap- 


INTERNATIONAL HERALD TRIBUNE, THURSDAY. MAY 19 , 1994 

Christopher 
Reports No 
Progress 

On Golan 




its- 

:i 0/ r 


-wit 


>■ jh- 




Knorin ■ 



SITA 


Vi orid leader in 
Telecom municaiitts 

Scr.iCca 


executive 

secretary 


Assistant 







ZafC 0 & 1 


■A 




-w ' 

■ .. . y \-F' 


-ittv 


*' -* 



agreement on self-rule with the Pal- 
atine Liberation Organization al- 
lows troops to remain at the bor- 
ders and in buffer zones around 
Gaza s 19 Jewish settlements — ar- 
eas that, combined, make up more 
lhan one-third of the coastal strip 
But for the first time since Israel 

?f ler ils wiMy in the 

Rnnrv!?^ C I EasI ^‘ ar - of the 
oUO.OOQ people in Gaza's cities and 

camps are free of Israeli soldiers in 
their daily lives. 

The end to the 27-year ocropa- 
P® n m corrects a tremendous mis- 
take, Foreign Minister Shimon 
Peres said. 

The commander of the new Pal- 
estinian forces. Major General 
Nasser Yousef, asserted that al- 
though Gaza was not yet fully free 
of the Israelis. “It is on the way to 
liberation." 

"When the Israelis acknowl 


n part, 

time transfer of authority went 
smoothly, with the Israelis'pulling 
out or bases and Palestinian forces 
moving in within minutes by prior 
arrangement. 

But on the final night, stretching 
into early Wednesday, hundreds of 


pens to the roughly 5,000 Jewish 
stay behind 


settlers who stay 

On Thursday. Israeli and Pales- 
tinian forces are scheduled to begin 
joint patrols cm several main roads, 
including those connecting settle- 
ments to Israel. The difficulty of 
their task was underlined when Pal- 
estinian gunmen ambushed and 


■ ' v WMVOAJ4**, UUUUICIU Gl dwmiiMI OlUUUdllCU iiUU 

Gazan youths gathered at the few wounded an Israeli who was driv- 
r on ai nin g army outposts to make mg to the Netzarim settlement, a 
dear that the last Israelis i 


— in Gaza 

City would be leaving on the ran. 
not in a dignified mardi. 

These children of the intifada, as 
their anti-Israel uprising is railed in 
Arabic, (fid what they have done 
every day for years: They pelted 
the soldiers with stones. 

And the Israelis responded in 
fa m ili a r fashion, with volleys of 
tear gas that sent acrid fumes drift- 
ing across the city one more time. 

Well before daybreak, it was 
over. 


small enclave just south of Gaza 
city that is isolated from the major 
bloc of Jewish communities on the 
Mediterranean coast. 


As for the militant Islamic group 
Hamas, a rival for power and a firm 
opponent or peace talks with Israel. 
General Yousef said that he had 
met its officials and foresaw “no 
problems" with them or with then- 
armed wing that is responsible for 
many lethal attacks on Israelis. 

Hamas is a pan of our nation," 
he said. “They are brothers.” 


TRADE: 

Continued from Page I 


By Steven Greenhouse 

New York Tima Service 

CAIRO — Secretary of State 
Warren M. Christopher ended four 
days of intensive diplomacy be- 
tween Syria and Israel on Wednes- 
day, saying that no breakthrough 
was in the offing and that the par- 
ties were not ready to resume face- 
to-face talks. 

Mr. Christopher said the two 
longtime antagonists preferred to 
continue with the current format of 
indirect talks in which he serves as 
intermediary and hops between the 
two coun tries. Several officials said 
Mr. Christopher would probably 
would return to the Middle East in 
the middle of June to push the 
Syria-lsrael talks forward. 

Mr. Christopher flew from Israel 
to Damascus, in his second trip 
there in four days and met for more 
than four hours with President Ha- 
fez Assad. Mr. Christopher then 
Dew to Cairo to talk with President 
Hosni Mubarak of Egypt about the 
Syria-lsrael talks and Pales iinian 
self-rule in parts of the occupied 
territories. 

Saying he did not warn to breach 
the confidence of Israel or Syria, 
Mr. Christopher refused to' say 
whether there was any progress in 
his talks with Mr. Assad. 

After the meeting, a spokesman 
for the Syrian president said that 
major differences remained be- 
tween Syria and Israel. 

According to officials. Israel has 



Page 5 

- ^ -v 


JIHAD: 

A Clarification 


Mr. Arafat kissing a spectator Wednesday in Oslo after paying tribute to Nonray's peattrote^ ^ 


Coatmued from Page 1 

achieve real peace, in spite of all the 
challenges we are facing." 
m Earlier, Mr. Peres vowed that 
“no act of terror, no action against 
us. will charge our course" toward 
achieving peace across all the re- 
gion. and thanked the Norwegian 
people for helping io "navigate" 
the peace process. 

President Carter had invited Mr. ’ 
Pens and Mr. Arafat to Oslo to 
join ceremonies organized by Car- 
ter-Menil Human Rights Founda- 
tion, which this year chose to honor 
the people of Norway for its leader- 
ship and commitment toward < 
peace in the Middle East 

As a gift to Norway, Mr. Carter 
unveiled a monument by the late 
American sculptor Tony Smith. 
The sculpture, a stark black arch 
“Marriage," is situated on 
a hiU above the Oslo harbor. 

Later. Mr. Carter presented a 
check for $100,000 to the Institute 
of AppHed Social Science, the Nor- 
wegian organization that fostered 
at least 14 rounds of secret negotia- 
tions between Israel and the PLO 
last year, along with Norway's for- 
eign minister at the time. Johan 
Jorgen Holst. 

Mr. Holst died this year after 
suffering a stroke. 

„ Mr- Carter said he had been 
“somewhat embarrassed” last Sep- 
tember that the Norwegian offi- 
cials bad not been singled out for 
more praise, when President Bill 
Clinton gathered world leaders on 
the lawn of White House for the 
signing of the Israel-PLO accord. 


1 


h 

• A 
■nid n 

Tali’ 1 

Rii . 

.':es ft 

,/ctA, 

■ 

l im*‘ 

■ rad* 

? viifi 
t *1; 

‘ 

r,“ “ 

•\IL‘ , 

3i lift, 


Fan* 


l>ig. 3f 
r »i- 
poif's. 
loo.*' 


& on ! Sv 

“treble 
nai a. 
-■vai l- 

% 

*es e d 

V 

V it 


uir e d 


US. Reminder to Arafat 


■a nt ilT 

•Pal 

j*r 

s”' 

~e 

( a 
»■ 


aty he added, referring to the 
summit meeting at that time be- 
tween Mr. Clinton and Prime Min- 
ister Morihiro Hosokawa. 

But Mr. Kantor told Bloomberg 
that there was no U.S. deadline for 
completion of the trade talks. 


“We don't put any time limits," 
be sitid. “It’s not productive.’’ 


His remarks and those of Mr. 
Summers came a day before a 
scheduled meeting in Washington 
of senior American and Japanese 
trade officials. The talks could pro- 
duce fresh movement by Tokyo to- 


ward satisfying at least some of 
Washington's desires. 

The meeting, between Mr. Kan- 
tor and Japan’s vice minister for 
trade, Sozaburc Okamatsu, is ex- 
pected to take up issues that were 
left unresolved in February by Mr. 
Clinton and Mr. Hosokawa. An 
effort to narrow the gap before the 
next Group of Seven summit meet- 
ing would be likely. Leaders of the 
seven leading industrial nations are 
to meet in Italy in July. 

According to accounts reported 

in Tokyo but not independently 
confirmed, the Japanese team may 
be ready to accept specific targets 

in RWemmml rnnnuwmm 


Mr. Summers said Wednesday 
that many people were under the 
impression, incorrectly, that Wash- 
ington wanted “hard numerical tar- 
gets" in nongovernment trade sec- 
tors. 

The Japanese daily Nihon Keizai 
Shimbun reported that Japanese 
negotiators were expected to pro- 
pose selling “some criteria” to 
gauge Japanese government pro- 
curement of various products, ac- 
cording to Agence-France Presse. 

Foreign Minister Koji Kakizawa 
raid earlier this week that Japan 
“might show some numerical 
gauges over government procure- 

mpnt ** tha : j r 


fiwuiuuig IU UIIILtdO, IhRtCl ^ ^ 

proposed a three-stage withdrawal IU - A Tll/ r 'I7 r riO ^ . 

eight years and is demanding to Calm Returns After Fed Increases Rates 

return peace and normalized rda- Continued from Page I tired, and the only reason it may Wall Street for Europe. The busi- 
u . rales and repeal the one- two punch *tot stay calm is the dollar." said ness cycle in Europe is finally mm- 

I^SS tori? that strengthened the dollar rarlier Goldmgcr ofCapitaf Insight in mg upwhile theLLS. nxovLv no 

uunng tne inp Uiat they are ihi« mnnih Los Anaeles. A lot of mnnpv now innsw i .j 


clear during the trip that they are 
completely behind Israel’s calf for a 
full peace and normalization with 
Syria. In a speech in Washington 
on Tuesday. W. Anthony Lake, the 
national security adviser, said the 
administration insisted on “a real 
peace," which he said must include 
full diplomatic relations, open bor- 
ders for people and trade, and pro- 
... - _ - " 


noting joint economic projects. 

Washington 



ARRESTS 


Mr. Lake also said 
would help ensure that Israel 
would remain secure after a peace 
agreement with Syria. “The United 


this month. 

Furthermore. Treasury Secretary 
Uoyd Bentsen tipped his hand- 
when he disclosed Wednesday 
morning on the from page of The 
Washington Post that he bad 
played tennis with the Federal Re- 
serve chairman, Alan Greenspan, 
on Sunday and told him, “1 didn’t 
want to get into a Chinese water 
torture on interest rates." 

This was music to the ears of ihe 
bond market, which has been 
pleading with the Fed to abandon 


Los Angeles. “A lot of money now 
is going into currencies, commod- 
ities and the ofl market. Everybody 
is showing up at the poker table 
and boasting he has a full house, 
but I’m not sure anybody does. 
That's what we’ll find out in the 
markets themselves.” 


States stands ready to participate its tortuous process of tightening 
in the security arrangements that and administer all its medicine in 


tbeparties negotiate, """he said. 


* 


JfS&USsSLf 

political prisoners and common 


Jjog, the report said China may still 
nold thousands of other prisoners' 
nationwide. The Chinese autbori- 


•crimes, a .■■term usually applied to 
.‘political prisoners. 

, President Bill Clinton is expect- 
•ed to announce his decision next 
Iweek cm whether to renew China’s 
; “most -favored-nation" trade sta- 
tus, which allows imports into the 
•United States al the lowest possible 
tariffs. 

• Mr. Climon has said be will not 
.'renew the status unless China has 
■made “significant, overall pro- 
egress" in several rights areas, in- 
rduding the treatment of poGtical 
prisoners. But the administration is 
under increasing pressure from the 
UjS. business community and some 
members of the Congress to renew 
the trading status without condi- 
tions. 


said that China must stop its ex- 
ports of prison-labor goods to the 
United States if the trading status 
is to be renewed 

The report said that a 50-y ear- 
old man serving a 16-year sentence 
at Beijing’s No. 2 Prison for “coun- 
lerrevolntioiiaiy arson” inserted a 
note into a package of latex gloves 
for export last September. He was 
discovered by another prisoner, 
placed in a solitary confinement, 
and beaten repeatedly by guards 
using electric batons^ the repot 
said. 

The prisoners detailed in the re- 
port are all in Beijing Na 2 Prison, 
where many political prisoners are 
held, and Qmghe Farm, a labor- 


o' cl ranauonai monitoring 

posed to be a showcase for an in- 1 hat would patrol the Golan 
spection in January by the Interna- Heights after an Israeli withdrawal 
uonal Conumtieeof the Red Cross. He also suggested that the adminis- 

on^th a £f^ t £ pm ' tration would provide equipment 

^ fo^mr electronic early-w^j^s\^- 
^.":!5°^^= e _^ lon .? d - tem that Israel has prijpos^Tor E 

which Isra 


one dose. The administration of 
that dose was bad news for dollar 
holders because it meant there was 
no more immediately available. 
That sent money into other mar- 
kets looking for volatility that 
could bring quick profits. 

“The government bond market is 


In Europe, investors have been 
so badly burned this year by the 
poor performance of bonds and the 
dollar that they are not rushing 
back into Wall Street “For the dol- 
lar to advance, you need to have 
investment flows into dollar assets, 
and that is not yet happening," 
Andres Drobny of CS First Boston 
in London said. 


longer has last year’s head of steam, 
largely powered by an unrepeata- 
ble cut in mortgage rates and catch- 
up automobile buying aided by low 
auto loan rates. 

Indeed, John Smith, president of 
General Motors, said Wednesday 
that the Fed’s higher interest rates 
would probably slow GM sales. 
That, of course, was exactly what 
the Fed had in mind, since the Big 
Three auto companies have just 
started to raise prices to capitalize 
on the past year’s car boom. 

Attention will probably shift 
away from the Fed for die time 
being. David Resler of Nomura Se- 
curities forecast that the United 


s 

a- 

ic. 


w_ 


.■H 


The U.S. State Department said * n 
Wednesday that Mr. Arafat’s call * « 
for a jihad to liberate Jerusalem 1 l 
was inconsistent with commit- — e - 
meats he made in the September c 
accord with Israel, Reuters report- — 
ed from Washington. 

The Slate Department spokes- 
man, Mike McCiiny, said that Sec- 
retary of State Warren M. Christo- 
pher had instructed the U.S. 
ambassador to Norway to seek an 
immediate clarification of the re- 
marks from Mr. Arafat 
The secretary of state “believes 
that the comments attributed to 
Arafat were inconsistent with com- 
mitments made by the PLO to both 
Israel and the world community" 
in the Declaration of Principles 
signed on Sept. 13. Mr. McCurry 
said in a written statement 
In the agreement, the Palestine 
Liberation Organization agreed 
not to use violence or terror, but to 
negotiate peacefuDy on the future 


mg-' 
re-_' 
.m 
. 1 
ro- 
ast 


Mr. Rolley of DRI/McGraw 
Hill pointed out that Japanese 
money is coming home from from 
Wall Street to help Japanese com- 
panies reliquefy, and that invest- 
ment money has also been leaving 


- — — u,., uh. vuu«i ubgvuaLc peaceiuuy on tne allure •*« 

States now “will enjoy moderate, status of Jerusalem, which Palestin- 
low-inflation growth.” lans want as their capital -'b. In 

Nmnrne, he said. “I hope the “As the process of implemeoia- h a 


v T hope th- 

Fed wiD do a better job of selling its 
strategy and turning around policy 
in a way the market can under- 
stand." 


implements- 

tion goes forward, it is essential 
that Chairman Arafat live up to 
these solemn commitments," Mr. 
McCurry said. 


ta 

f 


* 

\ 


tes . 

i 

us 


? 

■a 

•Ii 

5h:L 

JSi 

-’b-lu 

; ' 

SO 

ltn 


es 

f. 


7> 


ministration that China is making 
progress on the humanitarian treat- 
ment of its prisoners, another of the 
human rights conditions linked to 
renewal. 

The visit never took place, but to 
prepare for the visit, prison au- 
thorities ordered prisoners to buy 
new bedsheets. moved sick prison- 
ers and those with “unattractive 


Golan Heights, which Israel cap- 
tured from Syria in 1967. 

Earlier, officials involved in the 
mediation between Israel and Syr- 
ia, said Damascus had shown a 
keen interest in an Israeli offer for a 
three-stage pu flout in exchange for 
peace. 

Israel wanted international mon- 
itors and electronic devices in- 


N . ’ MkVtlVUiV uoiua in 

?£K anC ?- «5 a* 85 10 ^ stalled on the plateau, and a demili 

wsited, and mstaHed glass panes in tarized zone extending to 
me windows, which are normally neighboring pans of Syria, the offi- 
blocked with paper m winter. The dais said. 

50 hastily ’ Syria responded with consider- 
repon sarf, that there was no time able interest, prompting Mr. Chris- 

^bysSTf thepaneSwerehdd l0 P her ’ s retuni 10 Damascus after 


his talks in Israel. 


Despite some recent releases of 
political and religious prisoners, Tj) a TVrjTk 

KAUIO: U.S. Highlights a Beijing Gesture on Rights 

significantly in the last vear. ------ — - - 

a — a;—, a. 


According to one published re- 
port, the government is preparing 
to charge China’s most prominent 
political dissident. Wri Jingsheng 


Continued from Page I 
largely met these two “mandatory" 
conditions. He cited the recent 
agreement between China and the 
Ini led States curbing prison labor 


with treason. The Foreign Ministry ■"T"* “«* 

'■ ’ ‘'sheer fabrics- the recent easing up by 

« i Hemne no rwisin mcoflpniv 


called the report a succr lomui- „ • • n 
don.” nie government has been 
investigating Mr. Wei for unsped- 

fled “nwerimes” since taking him “““J Iwman-nghis groups 

into ^todyApril 1. d,s ^f^ symbohe gestures atbest 

^ ... — the administration appeared to 

According to a government di- be Hying to lay some groundwork 
>r4ivp Mr Wm is in trouble for r : j.i.. Jl. j . . 


. - uc uymg ID lay some grounaworK 

rectiye, Mr. Wet is in trouble for f or w b a t ^ widely expected to be a 
meeting the State Department s decision by the president to renew 
lop human nghts official m F»ro- china’s trade benefits bv the June 3 


China’s trade benefits by the June 3 
aiy and urging him to teU Mr. Clrn- deadline, with a few symbolic con- 

rim® nn nnTYinn ■*. 


ton to pressure China on human ditions. 
rights. The authorities have also ^ House said Wednes- 
soHght to portray Wa as a man of day that limited sanctions' were 
loose morals. They tried unsuccess- among the options that should be 

L.H.. U L.... hrichanit ■ V , ... 


— j j7".. , aiiiuus uic woons uiai suouia oe 

fully to have the estranged husband considered. “Certainly those are 

m m mm. Hr.— ■ ' 1 'AVI A Yl IlfPCC .1 ■ . . 


fully to. — wtiai uM tAL VUtdUH) muse SIC 

of ms secretary, Tong XL pi]*® among the questions that would 
charges of adultery against him, ^ave to be evaluaied,** Rniters 
dissidents said. Miss Tong is also in quoted the White House spokes- 
policemtody. woman. Dee Dee Myers, as saying . 

Mr. Wei was paroled last Sep- (“No final decisions have been 
umber after 14V4 years in prison made;” she said. “We’re reviewing 
for his prchdeniocracy activities, the situation, reviewing progress 
He ignored police orders to stop his that’s been made, and the presidenl 


will have a final decision and an- 
nouncement soon.”] 

Many top officials seem to be 
coming to the conclusion that the 
public would easily accept a deci- 
sion by the president to renew the 
trade status and to pul this annual 
trade threat ritual behind him. 
They say that would be worth tak- 
ingsome hits from editorial writers. 

But officials said that a decision 
still had lobe made about the con- 
ditions that will be attached to lhat 
renewal, and that that would de- 
pend in part on what the Chinese 
do in the next few days. 

Some advocate that the presi- 
dent renew China's trade status 
across the board, but couple it with 
political and diplomatic initiatives 
that would underscore a continued 
American commitment to human 


rights. 


sion with Beijing to address hu- 
man-rights issues, according to 
Representative Jim McDermott. 
Democrat of Washington, who or- 
ganized the letter. 

Others in the Slate Department 
and among the liberal Democratic 
wing in Congress argue that the 
president should renew China’s 
trade status with certain excep- 
tions. They contend that it would 
be politically too embarrassing, 
and morally too dishonest, for the 
president to climb all the way down 
on his China policy. 

The betting in Congress is that 
Mr. Clinton’s final decision will be 
a blend of these two approaches. 
That is, he would renew China's 
ttwe sums, and couple that with a 
cau for the creation of a bilateral 
human -rights commission with 


flits. MFimuiMiun wan 

For instance, 106 members of the SX ° f C T~ 

[Rise nf Rnrvcmi r aura tor American companies do- 


Hoj* of Represents tives L from 


both parties, wrote to Mr. Climon 
on .Tuesday asking him to renew 
China's trade status unconditional- 
ly and to create a bilateral commis- 


symbolic economic sanction to ac- 
knowledge the fact that China has' 
not fulfilled all of the administra- 
tion s human-rights demands. 


T H E B E S T O F EUROPEAN SIMMER RE SO RTS 


'AUSTRIA,' 



<vri m-.KU nosPt z ho tel 


AGreai WmierHoBl 

in Ac Alpine Summer 

A-nSSOSLChnsKiph 

Tirol. Austria 
Td:f43> 5446 Jul* 
fc: 143)54463545 





«5Ht eyeio> 

Swmtniu^ POot-Beawy A Hm«sCaKn- 

■ ■ gM«.Re»tefini«-Nicht OU». 

f. 67 anwT 

S: f33)WH74n 52 

Oneofw8«*^*^ , ** w _ 


Av, 


. France 




fy/mv*/, &#/'. 'Jnm 
rarar*vicraaiA 


PooiiS Tennis Couns. 
Golf. Evening Eniemjnnrm 
Beauty ft Fitne* Center 
35031 Abano Tone. Italy 
Td 866 9101 
ftm: 139-491 S6607N. 



SELMUN PALACE HOTRL 
• ■ MALTA 


- . Lraawyjwtl History • 
. CombiAal in Malm% 

- MaaOrirming Hotel 

; &W SPBUK Mafia 
TW: {356)521 0M 
• FttH3»l32i 159 


ymomvo" 


HOTEL LOEWS 
MONTE-CARLO 


The Most Up-To-ttew Deluxe Resort 
oniheRhieni 

Great Reuatmu^EniendniKitt 
ondfitnsjtfrenhies 


12 . Avenue daSpducnes 
98U07 Mmte-Corlo. Momoo 
Tel: (33) 93 50 65 00 
F»: (33)933001 57 


SPAIN 


MONTECACT1LJU) 
Had* Golf Roan 
Like a Palace Within a 
Famaaw Golf Course 
Great Foud. SighLi asd Sportii 
Cwretera <te Areos 
1 1406 Jerez. Spain 
Tel: P4-56i 15 1200 
Fm : (34-56) 15 1209 


SWITZERLAND 


flo/Mat/s w/eA mucA 
wore tAatr p/earsure / 


TO: 
41-2WII55S3 
3962 Momana 



TURKEY 


Sheraton Meager 


HOTEL 

The Best Roon 
in Turkey 
100, Yil Buhari 
AMalya 07050. Turkey 
Tel: (242) 2 432 432 
R»x: 1242)2 432 462 



mtv reaches more than a third of europe's 16 - 34 's 

contact: frank broem, director advertising sales europe ‘44 71 284 7533 



Page 6 


THURSDAY, MAY 19. 1994- 


, - - - -l* 1- * .JQhfc 


P I 






Page 25 


Hera lb 


: : r« -v..-. 


INTERNATIONAL 



PUBI.ISIIhD WITH THE NEW YORK TIMES AND THE V.VSHINUTON Pusl 


feritmiM The Way Ahead for China: More Change 

•rut u isuiNicrnN' hivi' w V 



Don’t Leap Into Rwanda 


The Clinton administration has rightly re- 
sisted a clamor for instantly expanding a 
minuscule United Nations peacekeeping 
force to halt the human carnage in Rwanda. 
An ill-planned military debacle might only 
deepen the conflict there and jeopardize 
peacekeeping missions elsewhere. 

The United States did agree on Tuesday to 
a Security Council resolution that authorizes 
sending up to 5,500 blue helmets once Secre- 
tary-General fiutros Bulros Ghali reports 
back on these key matters; how such a force 
would be deployed and for what purpose: 
available resources; the consent of Rwandan 
factions to a United Nations presence; pro- 
gress toward a cease-fire; how long such a UN 
mandate would Iasi. The U.S. role would be 
solely logistic; there is no thought or commit- 
ting American ground troops. 

It is simple prudence for the United Nations 
not to leap into an empty swimming pool. 
However anguishing the slaughter, there is now 
no effective international force for ending iL As 
Madeleine Albright, the VS envoy to the 
United Nations, noted on Tuesday, peacekeep- 
ing operations are clumsy affairs that are fi- 
nanced and am by separate member nations. 

Rwanda’s capital, Kigali, is now a battle- 
ground between a ■'government" led by ma- 
jority Hums and a rebel army led by minority 


Prudent Money Policy 


The decision by the Federal Reserve to 
raise short-term interest rates surprised no 
one; The increase by half of one percentage 
point was twice as high as many economist* 
believe is warranted. Yet in an uncertain eco- 
nomic environment, the Fed's decision is a 
defensible move to ward off future bouts of 
inflation and bring order to volatile currency 
and financial markets. 

Some will criticize the Fed's move as un 
unnecessary blow to economic growth. Others 
will say it should have raised rates even high- 
er. The squabbling reflects disagreement 
about the best way for the Fed to set monetary 
policy in order to achieve steady growth with- 
out igniting inflation. The Fed’s effort since 
February to nudge interest rates higher one 
step at a time is within prudent guidelines. 

The economy is moving along at a 3 or 4 
percent annua) clip. Growth puis upward 
pressure on interest rales as businesses bor- 
row money to expand capacity. If the Fed 
were to keep interest rates low. it would have 
to pump more and more money into the 
economy to satisfy the demand for loans — a 
misguided policy that would stimulate an 
economy that is already growing and thereby 
trigger higher inflation. 

But how high should the Fed set short-term 
rates? The arguments for steep increases in- 


clude .-teddy growth, falling unemployment 
and factories operating near capacity. By the 
end of the year, unemployment is expected to 
drop well below 6 percent, a range tfui could 
ignite wage and price inflation. To keep that 
from happening, the Fed ha.- to >tart now to 
rein in the money supply. 

On the other hand, unemployment remains 
above 6 percent, retail sales arc lagging and 
there is no current evidence ihal inflation is 
rising. The Fed has thus been forced to 
choose. Should it keep rales lou. thereby 
risking rapid growth, rising inflation and a 
day of reckoning when it might be forced into 
a clampdown that could send ihe economy 
into a l a Lispin'.’ Or should n lift rates, risking a 
slowdown in economic activity? 

The Fed chose the latter course — and (he 
reaction in financial markets was favorable. 
Banks raised their prime rates, the bads for 
many consumer loans. But long-term rates in 
financial markets tumble*! Apparently traders 
decided that the Fed"- decision proved that 
inflation would not creep higher. They thus hid 
down long-term rates, which incorporate their 
expectation about future inflation. The Fed's 
three previous rate increases did not turn the 
economy sour. Nor. judging from Tuesday’s 
market reaction, will the fourth. 


- THE SFM YORK TIMES. 


Waiting for Damascus 


Secretary of State Warren Christopher gave 
a useful boost to the new Palestinian autono- 
my regime by traveling to Jericho and resting 
his security briefly in Palestinian hands. From 
this point on. however, such symbolic gestures 
are bound to play a diminishing pan. The 


process of building an administration that its 
builders hope to turn into a state shifts ever 


builders hope to turn into a state shifts ever 
more responsibility into Palestinian hands. 
Expanding contacts between Israelis and Pal- 
estinians will be the medium of their further 
mutual progress. Others can assist buL in- 
creasingly. only at the margins. In matters 
lying between Israel and Syria, however, 
things are different. There, in the absence or 
real contacts and some confidence, the United 
Stales has a mediator’s role. Mr. Christopher 
is working at it this week. He has been pre- 
senting a newly elaborated Israeli position 
and trying to elicit a Syrian response. IF the 
exchange starts to warm, he could help the 
parties bridge the inevitable gaps. 

For months Prime Minister Yitzhak Rabin 
had been saying that Israel had to digest the 
Palestinian accord first before moving on to 
the tough but central Syria case. Now Israel 
has done that digesting — despite the slaugh- 
ter of Arabs at Hebron, despite the lulling or 
Jews in the West Bank and Israel proper. On 
Tuesday there were more deaths. Bul Mr. 


Rabin has indicated important new flexibility 
on questions of territorial withdrawal and 
abandonment of Israeli settlements in the 
Syrian Golan. He has set aside an earlier 
limited negotiating Formula, which cot no- 
where. and Iran-milled to President Hafez 
-Assad a strategic "package" on withdrawal, 
peace, security, timing and phases. Mr. Rabin 
means to draw the Syrian leader into a Full 
dialogue on the issues that matter most lo 
them both. Israelis are wailing for a “click" of 
Syrian response to that whole package. 

Dialogue with Israel is not what vnu would 
call Mr. Assad's natural mode. He i- more 
comfortable with terse minimal exchanges fil- 
tered through a third parly on points princi- 
pally of interest to Syria. It i- not at all clejr 
that it means more to him w play the national- 
ist and reclaim the Golan than lo play the 
militant and keep using the territory as an issue 
demonstrating Syria’s ami- Israel defiance. 

But Mr. Assad knows Mr. Rabin as the 
Israeli with whom he negotiated a solid and 
strategically beneficial disengagement accord 
20 years ago. He can see the region and the 
world changing, not necessarily to Sv ria's ad- 
vantage. He knows, or ought to. t fun if Syria 
does not grab the ring this time around, no one 
can predict when it will come around again. 

— THE lY.-tStnytITOX POST. 


Other Comment 


The WEU Is Still in Limbo 


The Western European Union's decision 
to admit six East European countries and 
three Baltic states as “associate members” is 
notable more for the defense grouping's ow n 
future than Tor any solace it might offer 
countries vainly knocking at the doors of the 
North Atlantic Treaty Organization for full 
membership. The truth is that the WEU. 
formed in 1954. has uniil recent years been 
a largely forgotten organization. 

Before the European Community — the 
present European Union — discovered its 
own inadequacies in the killing fields of the 
former Yugoslavia, dreams of a potential 
European superpower in the post-Cold War 
world went hand in hand with a commensu- 
rate defense arm provided by the WEU. 
The United States and Britain iooked to the 


union with some suspicion, because they 
felt it would be at the expense of NATO. 
The Clinton administration has taken a 
more positive line and agreed at a summit 
meeting in January thaf the WEU could 
undertake military operation- on iL- own in 
situations in which NATO did not want to 
involve itself, using NATO infrastructure. 
The French-German Eurocorps i> another 
nascent concept which could be expanded 
lo provide the sinew- of a future Euro- 
pean defense arm. 

Still, the WEU remains j •ymbol and hj> 
vet to emerge out of ns shed. The fault lies 
with the member state- of the European 
Union and the lack of j clear definition of 
future goals. For the WEU remains ho-laae 
to lack of consensus and disagreements on 
what the future Europe -hould'be. 

— A'fei/ny Tima • 



International Herald Tribune 

ESTABLISHED /.W 

KATHARINE GRAHAM. ARTHUR OCHS SU LZBERGER 

G'-Owidii™ 

RICHARD McCLEAN. Pubh*hrr ,c i.'lntj Lu-, urr . »■ 

JOH N VTNOCUR. Lu.vihr Bis <r ,C V h i\iiAlens 

• WALTER WELLS. Akvr £Jav • SAMUEL ABT. KATHERINE KM «R .uxl 
CHARLES MTTCHELMORE. Dijw fifion • C NRL GEWIRTZ. As .. . i /,£> * 

■ ROBERT J. DONAHUE. EJiUw ■ <f r/if hdisnd Pii/yx • JONATHAN GAuT. uni rr.su , 

• RENE BONDY. Deputy PubUsbr • JAMES McLEDD. Aht nifun IXn > * - 
■JUANITA L CASPAR!. bwmottwt Dev£*ipnMifDin\*'r • ROBERT FAR RE. OiniLx, »;/*/» i u •< 

DuvevtirJelu Pidliaaon Rb-fauif D. .fr'W «» 

DtmteurAdjcnm , L lit PlJ’Ihufivv KtShsmne P / hirr. w 


F.:n rf* I 


lnicmaiinrul Herald T rihme, I SI Avenue Gurics-tk-Giullc. 1 Neinlh air-Sone.iTjn.x-. 
Td. ; 1 1 ) -4x37.93.00. Fax : Qre, 46A7.fiti.5 1 : Adv, 4GA7A2. 1 2. InienvL- H-T* m eumtonu<; 


Editor j!r Aav Michari Ktdwdsm $ C 'sseerlmn Ri. Sotf^tpi'n- ll>l I. Til ''»<! ftji; •'iA "-‘O.-’.'-' 

Wm*. Dir .-tan RrifD Kimpnhl. yi (itai&T fLL H,mx K-my. Td /fi?-v21?.//.x\ f-.it. X*Z-'£22- .'/•*■ 
Um. Mgr tjemitn: T. Sdiiuler, Frt&bkhsr. 15. MXU FfurAftrittl. Fit |th u i ~1 h7 5: fiu. T V »• 
flixl'i lUtWGiffl* 850 Third /tit. *4u- RwL -VI. IM12. Td f _/Jl for {2/;. V.vv 
V.K. Advertising OJfnf rij Limg Acre. London WC2. Td. »M7Jj Fu> ■ i»~.'> 

S.A. uu i j/nhil i It 1. 2110.000 F. RCS iVnjifiW R r .i2«2l 12k l\"i:uir, r;.v" 

■C / W. LnScnkOimM HemU Tritv k . AS nirfa? n inwi MV, iCWA >?2 



«rvmi0R( 
.eoimoir | 

I 


tv. etr.- hi ami. 


B EIJING — China's eomomy has grown 
at an average annual rate of 9 percent 


Tutsis in a civil war that resumed when the 
Rwandan president died on April 6 in a mys- 
terious air crash. Reports or ethnic -laughter 
are horrifying and credible, but military facts 
are far from clear. Jt does seem feasible to 
move quickly lo create safe havens Tor refu- 
gees near Rwanda's frontiers, and to send I5U 
UN military observers to determine where 
rival armies are deployed. 

The UN resolution also calls lor the imme- 
diate di.spaich of a mechanized hattalion of 
850 peacekeepers from Ghana to reinforce i he 
small UN contingent of 400 in Kigali and to 
maintain security at the airport. Sending the 
Ghanaian.-, who are among the best soldiers 
in Africa, can assure that the airport remain- 
open to humanitarian agendo and offer some 
hope to thousands of Rwandan.- who have 
sought UN protection. 

Doubtless these steps will not .sati-f% hu- 
man rights group- that appeal for major inter- 
national action to save live.- and prevent eth- 
nic slaughter. But to enter this conflict 
without a defined mission or a plausible mili- 
tary plan risks a repetition of the debacle in 
Somalia. If the United Nations’ reach once 
again exceeds its gra-p. us Madeleine Albright 
warns, “we will only further undermine UN 
credibility and support." 

— rwf.vfu YORK 77 MS. 


-D at an average annual rate of 9 percent 
since 1978. per capita incomes doubled in the 
decade to I9S7. This is an accomplishment 
that took the United States about 50 years to 
achieve, and Japan almost 35 years, during 
their rise to industrial maturity. 

China's annual exports increased by an 
average of around 17 percent from 1979 to 
1992. Last year China attracted about 40 
percent of oJJ foreign direct investment in the 
developing world. By any economic yard- 
stick. these are phenomenal achievements. 

From the outseL however. Chinese leaders 
have had a clear vision of development as 
something that cannot be measured solely in 
terms of money. Improvement in ihe quality 
of the lives of the people has been a priority. 

Progress during ihe last generation has 
been dramatic. Life expectancy has doubled. 
Infant morality has fallen by 75 percent, and 
adult illiteracy by almost two-thirds. Since 
1978. an estimated 170 million people have 
been lifted out of absolute poverty. Few soci- 
eties in history have made such sweeping 
progress in so short a time. 

Underlying this achievement has been a 
carefully managed evolution from a planned 
to a market economy. In the past 15 years 
China has expanded the role of markets and 
the scope for competition in the domestic 
economy. From 1979 to i9S5. ibis led to the 
fastesi-ever sustained growth in agriculture. 

China has opened its economy increasingly 
to the outside world. This has brought in 
large-scale foreign investment, introduced 
new technology, management systems, and 
international quality and cost standards, 
leading lo a more than sevenfold expansion 
in exports since 197k. 

China has promoted entrepreneurship in 
small enterprises in rural areas. They now 
account fora third of all exports, a quarter of 
industrial output and about 90 million jobs. 

Despite these impressive advances, much 
remains lo be done to complete the transition 
and to realize China'- vision of a "socialist 
market" economy — a concept which in- 
volves not only continued growth and a 
strengthening of economic and financial in- 
stitutions. but also steady improvement in the 
quality of people’.- lives. This vision can be 
realized only through j determined effort to 
manage the forces of change and make recent 
achievements sustainable. 


Bv Ernest Stern 


The writer is marusing director uf the World 
Bunk. This is the first of two articles. 


Three major dements will shape the fu- 
ture: the external environment domestic 
challenges, and ensuring die quality and 
stability of growth. 

The global economy is undergoing funda- 
mental changes with the increasing integra- 
tion of capital and other markets; ibo revolu- 
tion in economic management that empha- 
sizes private sector approaches; global and 
instant communications and access to data: 
rapid technological progress transcending na- 


of economic gravity. U is ihus rime f* 
not just to respond to external conditions, but 
to help shape them. Two areas are particular- 
ly critical: trade and investmenL 
On trade, substantial progress has been 
made in recent years, and both imports and 
exports have grown rapidly. Nevertheless. 

China’s tariffs and quantitative resmeuons 
- . .i . i.*_i CflAi .\ma TnP 


While recent economic expahskstli 

spectacular, it has takeapla»a®am^§j^ 
jround of severe imbalance 
and income groups, rapid Hjtggig 

welfare among people 

inn environmental dcstructtO^ anap^S;^^ 
bouts of high inflation. In 
very high growth rates have Pecntargogiftfag 
result of very high investmem.Ttrtfir^ aj ^^ 


remain among the highest m EuUW ■ l ne ifflderI ^ n _ i^es of produrtm'tjr4ffl#« 

lime is ripe to launch a bold piogram of ^ ^jdjessed; 

import liberalization that assures a steatfr ^ vor jdxride e^seriefe|^ 

reduction m quantitative resincfions, consoh- - j^tabflire iiimoiflrt&S 

dauon of (arilfs into fewer categories ai lower SSSSftl 


dation of tariffs into fewer categones ai lower inajmel 

rates, and a simpler customs administralion. "SSsSHBS 

TBic ftirthM- nrvnino »n wnuM contnbutC h° aoo S 00 ” . 


* 2 sS 22 SSE&m 

lo makmgChma a full member ofdiemKraa- ^ pattern^ 

'SttSPZSSS'iS growth , -rnririfeafSlSSm 


China has long been a center of 
civilisation. Now it is also being 
looked upon as a potential 
center of economic gravity. It is 
thus time for China not just to 
respond to external conditions, 
but to help shape them. 


u'onal boundaries: and the general lowering 
of trade barriers that culminated in ihe recent 
signing of the Uruguay Round agreemenL 

The relative position of East Asia and Chi- 
na in the global economy is abo changing 
fundamentally. The exports of Lbe United 
States. Japan and the European Community 
to East Asia increased by 35 percent from 
1988 to 1991. The value of East Asia's annual 
imports, more than S800 billion, exceeds that 
of Lhe United States. 

But it has been imra-reeiona] trade, strong- 
ly related to joint venture investments, that 
has been growing most rapidly, h expanded 
by 72 percent in the four years to 1991. 

East Asia has the potential ic> become one of 


tionai trading community. It would also bene- 
fit domestic consumers by gradually intro- 
ducing competitive pressures for quality at 
lower prices. Moreover, greater openness will 
generate greater employment. 

China has been an attractive destination 
for foreign capital in recent years. Net direct 
investment from overseas in 1993 amounted 
to $20 billion. But, as other countries have 
discovered in the past, some of those flows 
can be volatile. Steps must be taken not only 
to ensure that China's investment dimate 
remains competitive, but also to encourage 
high-quality investmenL lo support improved 
technology and financial services, for exam- 
ple. That kind of investment will facilitate 


China's “hookup'’ to the global economy and 
enhance its leadership role. 

The second major force of change is die 
special problem that all large nations with 
many different regions and constituencies 
face. A balance has to be found between 
economic growth and equality of opportuni- 
ty; between local interests and national inter- 
ests: between rural and urban needs; between 
centralization and participation. 

To be competitive in the global arena re- 
quires agility. This in turn requires a large 
degree of decentralization, private initiative 
and strong institutions so that lbe country is 
diverse and flexible and can react to change 
with minimal disruption. It also requires a 
framework of incentives, regulatory supervi- 
sion and taxation that can ensure fairness and 


Ihe major growth poles of the global economy 
by the year 2000. China's performance will be a 
kev factor. What China doev therefore, makes 


heating, a matter of serious 

Despite the government s adopuonrfAg? 
rective measures last summer, 
major Chinese cities reached ato fthfl 
cent in 1993. The crucial chaHenae nowas?^ 

c omp lement the govenmrent-aqiiHa^^Sffe 

measures already adopted 
ket- based instruments and 
promote long-term stabilization. 

Such reforms would indudei^^pg^g 
cal and monetary discipline; ^-exp^lMga^ 
strengthening the indqpendence^aridnuQ^ 
ity of the central bank; assuring ihat^gfe 
bankin g system operates on. a; eomutuct^ 
basis in the allocation of credit arid madag^ 
ment of portfolios: restructuring the banfe* 
twn, particularly the fiscal xdabonsh^c^ 
tween the central and provincial authpritj^ 
and strengthening regulatory framem c^ks^ g 
create more transparent ral^based 8ysasn|jg 

These measures would help toinirigatfc^E 
immediate overbearing problem, 
mesric resource allocation and . 
continuing flows of capital into. Chm&CQwg 
will also hdp to lay the found ation s; 
modern economy, increase prodiwriyjtyS9<§ 
build the flexibility needed to adjust qcwfe 
to changing drcumstances. . 

State enterprise reform is anotherarezr77Sj3 
quiring urgent attention. . r 


a big diff«rence to the rest of lhe world. 

In the sweep of history, the country has 
long been a center of civilization. Now it is 
also being looked upon as a potential center 


equity. Building that capacity requires contin- 
uous investment in learning and broadening 


participation in economic decision-making. 

The quality and stability of growth is the 
third element that will shape China's future. 


7Xir common was adapted by the Iraerriaads^ 
al Herald Tribune from an address. lost wiekft£fk, 
an international conference m Beying^ . 

future tg China’s ectwwny, organized - 
Harold Tribune and China's State Comndi 

for Restructuring Economic Systems. 

• • • 




Iji Britaia, Too, a Centrist-Inclined New Generation on the Leif! 


L ondon — what Bin ciimon be- 
• nan in .America. Tonv Blair and 


1—t gan in .America. Tony Blair and 
his centrist allies in the Labor Party 
now have a chance to complete in 
Britain. They could achieve a trans- 
Atiantic generational chance ihaL 
would transform politics and policies 
in both countries and perhaps in the 
Atlantic alliance. 

The sudden death of the Labor 
leader John Smith last week and the 
opening of a contest of succession 
have turned the British political land- 
scape into a scene that closely resem- 
bles America, circa 1992: 

Tired, visionless incumbents ex- 
hausted by a long run in power face 
inexperienced challengers' hungry to 
win and wired into the new. free- 
floating concerns of the electorate. 
Voters may well confront a choice 
betw een inexperience and exhaustion 
when the) go to the polls here. too. 

That at least is how the contest will 
look if Mr. Blair. 41. the talented and 
disciplined odds-on favorite to suc- 
ceed Mr. Smith, wins Labor's leader- 
ship contest this summer. As Mr. 
Clinton did with the Democrats. Mr. 
Blair must first tame Labor's doctri- 
naire left wing if he is to go on lo win 
the general election likely to he called 
in the next 24 months. 

Drawing political comparisons 
across national boundaries is usually 
pointless and misleading, even in 
countries as similar as the United 
Slates and Britain. Local concerns, 
idiosyncracies and traditions unfamil- 
iar id the comparison-drawer can out- 
weigh the more visible resemblances. 

But since the end of the Cold War 
the political ground di«s seem to be 
moving in the same direction in the 
major nations of the Atlantic com- 
munity. In America, Britain. Germa- 
ny and France, centrists of a liberal 
cast have captured or are on the verge 
of capturing major parties that have 
been under the control of doctrinaire 
left-wing activists for much of the 
pasi two decades. 


By Jim H Oakland 


These centrists advertise their be- 
lief in change, private enterprise and 
•toughness on crime rather than any 
attachment to doctrine. They are 
seeking new and broader bases of 
support for large popular parties 
once dependent on labor unions. 

Germany's elections in October of- 
fer the next bsg opportunity for the 
swing of the pendulum to continue. 
The older conservatives of Chancel- 
lor Helmut Kohl’s ruling coalition 
currently trail the revitalized Social 
Democrats, led by Rudolf Scharping. 
46. in opinion polls. 

In France ever out of step with its 
partners, the Socialist ore likely to 
lose the presidency next year. But they 
are likely to continue under Michel 
Record's leadership to move away 
from their Marxist- influenced pasL 
it is here in Britain that Mr. Clin- 


ton's breaking of the generational 
mold in politics may have its greatest 


impact 1 know no keener foreign 
student of Mr. Clinton's successful 


student of Mr. Clinton's successful 
drive for the presidency than Mr. 
Blair, a fairly regular visitor to the 
United States in recent years and an 
articulate, perceptive observer of the 
American political scene. 

Such travel and reporting are a 
measure of the ambition and the skill 
of Mr. Blair, who is Labor's spokes- 
man on domestic affairs. His com- 
mand of domestic issues frequently 
gives him the better of the House of 
Commons debates with his opposite 
number in the Conservative cabinet 


and economics, are termed “modern- 
izers" for their work in leading Labor 
away from rigid positions on issues 
that lost the party four successive 
elections: nuclear disarmamenL tax 
increases, opposition to European 
economic integration and the power 
of labor unions. 

In an important measure of how- 
far the Cold War has receded in shap- 
ing domestic politics, none of those 
issues figure prominently in the jock- 
eying to succeed Mr. Smith. 

Instead, if Mr. Brown edges out his 
friend Mr. Blair it may well be be- 
cause he attended state schools in 
Scotland while Mr. Blair was educat- 
ed at private schools. Mr. Blair’s 
commitment to class warfare is sus- 


and helps mark him as the leading 
candidate to succeed Mr. Smith. 55. 
who died of a heart attack on May 1 2. 

Mr. Blair and Gordon Brown. 43. 
w ho is Labor’s spokesman on finance 


pect among Labor’s “traditionalists" 
from England’s north because of his 


from England’s north because of his 
popularity with the middle-class and 
upper-iniddle-cbss communities of 
souLhcni England that have faithfully 


supported Margaret Thajchw-.^n^ 
the Conservatives. •. . . r: 

The new Labor leader wifi be' chb- j 
sen by an innovative electoral college. 

in which at least a miffioaparty them- : 
ben willvote, probably mJujy.-pbe- 
proccss will resemble a Democratic.; 
Party primary season. Mr. . Blair’s 
widely acknowledged telegenic ap- < 
peal could bededsTveinajoraii open 
contest and would cause many to. 
conclude that British petition have, 
been seriously “ Americanized" . 

There would be some truth to that. 
Tony Blair would be as impressive 
candidate'on either sidepHherAdan- 
tic. But there are larger forces at work 
in the politics of the Allan tic commu- 
nity that have to do witit generational 
renewal and managerial competence 
on social issues. The contest shaping 
up in Britain will show if Clinttmism 
is a trans-Atlantic phenomenon. ■ 

The Washington Post 


Wliile Labor Regroups, Tories Squabble in Decline 


P ARIS — The death ’last week of 
the British Labor Party’s leader. 
John Smith, casts both of Brilain’? 
leading panics into uncertainty. Mr. 
Smith had done much to lead Labor 
away from the left-wing sectarianism 
that has kepi it from office for the 
better pari of two decades. That 
struggle has resumed as Labor looks 
for a new leader, but in circumstances 
which see the governing Conserva- 
tives in grave political difficulties. 

The Conservatives' problems fo- 
cus on Europe, although the party's 
divisions run deeper than that. The 
most recent eruption of dissidence 
has seen a demand by the party’s 
right wing for a new national refer- 
endum on Britain's role in Europe. 
After 22 years in the Community, a 
sizable part of the British popula- 
tion still is not convinced that Europe 


By William Pfaff 


is where they really want to belong. 

However, the European club is 
papular with Labor voters, and what 
goes on among the Conservatives is 
mostly sport for the Tories, a way of 


tormenting John Major, the prime 
minister. There was a referendum in 


minister. There was a referendum in 
1975 over continued British member- 
ship in the Community, which pro- 
duced nearlya2-to-l national major- 
ity in favor of Europe. Today nothing 
indicates that the same question 
would not get the same answer. 

However, the referendum now de- 
manded would ask a different ques- 
tion: whether, in line with the pro- 
grams set out in the Maastricht treaty. 
Brilain should go still deeper into Eu- 
rope. accepting a common currency 
and aligning its foreign and security 


policies with those of its neighbors. 

The question of Europe’s further 
integration is an exotic concern for 
the moment. It will not come up be- 
fore a Maastricht treaty review con- 
ference in 1996. If that conference 
should decide on new programs of 
integration, the British public might 
vote “no" in a referendum. But that is 
two ifs away, and Europe is in such 
disarray at the moment that one must 
doubt that in 1996 the British would 
find much of interest lo vote againsL 

The proposal for a referendum on 
Europe contributes lo the present 
surrealism of Tory politics, where an 
endless struggle goes on over leader- 


ship of the party, in recent local elec- 
tions the Conservatives experienced 


America ’s Know-Nothings Are Back 


N EW YORK — Those residents 
of his district in Texas who like 


1 v of his district in Texjs who like 
to pop off without bothering with 
facts or fine points must surely feel 
ably represented by Dick Armey, 
their man in the House of Represen- 
tatives. His reputation for quick-on- 
the-draw characterizations was re- 
inforced the other day when, during 
discussion of abortion coverage in a 
national health care package, he de- 
scribed women who chose the pro- 
cedure as “%elf-tndulgem" and 
“damned careless.” 

This conjures up the kind of per- 
son who some suspect accounts for 
the vast majority of abortions in 
America: a 16-vear-old on her third 
boyfriend and fourth pregnancy 
who skips school, swears by the 
soaps and thinks idly that someday 
she might get around to the Pill. 

It’s a great stereotype for those, 
like the congressman, who oppose 
legal abortion. But in Tact only a 
quarter of all abortions arc per- 
formed on teenagers. About 17 per- 
cent of the women who have the 
procedure are married. In 19ST, one 
out of every six abortion patients 

described herself as a bom-again or 
evangelical Christian. More than 
half the abortion patients in one 
survey said they had been using birth 
control when they became pregnant. 

The truth is that there is no ste- 
reotypical abortion patient, wheth- 
er in her indulgence of self or in her 
absence of earc. It is only cheaply 
convenient to pretend there is. 

But Mr. .Armey is not alone in his 
use of stereotype, myth and deeply- 
held nonsense as an adjunct to pub- 
lic policy, what we in the news biz 


By Anna Quindien 


call never letting the facts get in the 
way of a good story. 

In Florida a school board hasjust 
passed a resolution requiring teach- 
ers to make clear in the classroom 
that America is “unquestionably su- 
perior” lo any other society, culture 
or political system in all of human 
history. The board’s chairwoman, 
who had also championed the teach- 
ing of creationism in the science cur- 
riculum. responded to a statewide 
policy on multicultural education by 
passing a counter-resolution that 
would 'require students to be taught 
that “we are the best of the best." 

This, explained one of her allies, 
will make them more enthusiastic if 
they ever go to war. 

It would he soothing to learn 
that the members of the board 
came to this conclusion after an 
exhaustive study of the Greek and 
Roman empires, the Malian Re- 
naissance. the Industrial Revolu- 
tion. Zen Buddhism and Hammu- 
rabi. But they are of the opinion 
ihal none of ihal is necessary. 

“Our form of government is su- 
perior to other nations because n 
has survived when others have fall- 
en." said one member of the school 
board majority, apparently un- 
aware of the fact that, in the span 
of world history. America’s two 
centuries are as the blink of an eye. 

In this one official act the mem- 
bers of the board have taught Ihe 
students of Lake County. Florida, 
some overarching concepts that are 
bigger than math or history, writing 


or study skills. That fact-finding is 
unnecessary and jingoism is a quick 
and easy substitute for intellectual 
rigor. That catch phrases and con- 
clusions are more valid than critical 
thinking and individual opinion. 

It is so much easier to spit out 
stereotypes about women who have 
abortions than to study statistics 
and talk to real people about their 
real reasons. It is so much easier lo 
assume that you are superior than 
to take the time to learn about and 
dissect other cultures. The first is 
not responsible representation, the 
second not real education. But never 
mind; here only conclusions count. 

Perhaps the poor history teachers 
m Florida saddled with this new 
policy would find it useful to do a 
unit on a political movement that 
took much of America by storm 
more than a century ago by appeal- 
ing to fear of widespread immigra- 
tion and the resulting introduction 
of other cultures into America's 
towns and cities. 

The group prospered by foment- 
ing hatred against new arrivals: the 
Germans, the Irish, above all the 
Catholics. Prominent politicians 
joined the ranks, and fcar-monger- 
ing managed to land some of the 
best known in high office. 

The group was called the Know- 
Nothings, and certain history- 
books conclude that their move- 
ment went bust less than two de- 
cades after it began. But some dav> 
you have to wonder whether the 
Know-Nothings have been resur- 
rected. more worthy of the name 
than ever before. 

Thtr.Ne*' Turk Tunes , 


uqns the Conservatives experienced 
disaster, worse even than had been 
expected, losing a third of the local 
government offices they previously 
had held. Polls show Tory popularity 
presently at the lowest point in the 
historical record. Another Tory di- 
saster is foreseen in elections for the 
European Parliament next month. 

Prime Minister Major is accord- 
ingly under terrific pressure to quit — 
or be ousted in a coup like the one 
which turned Margaret Thatcher out 
three and a half years ago. No parlia- 
mentary election is necessary before 
1997, but the Tories cannot expect to 
stumble on through the scandals and 
blunders that have been their recent 
experience and still win again. 

Margaret Thatcher both reinvigo- 
raled the Conservative Party during 
her 1 1 years in power and niined it 


for her successors. She destroyed' the: 
old Tory party, dominated for gener- 
ations by futricians, their nominees 
from the middle class who wanted to 
become patricians and the new rich : 
who wanted to be treated as patri- 
cians. Their policies served their own 
interests, but took for granted a larj^ : 
er social responsibility, even if this 
was paternalist in inspiration. - j i 
Mrs. Thatcher, handed Ihe party 
over to upwardly mobfle go-getters of : 
lower-middle and working class ori- 
gins who despised the patricians for; 
their softness and paternalism, and io- 
a band of radical theorists who believe' 
that the social conscience is an obsta- : 
de to the proper functioning of ihe 
economic marketplace, sole dettrmi-: 
nam of human value and progress. . 


The result is a soulless party. This* 
is the real cause of its present difficult 
ties. The obsession of its current lead- 
ers is with power itself, rather titan ] 
with power in order to accomplish’ 
something. Mrs. Thatcher thought 
she was making a better Britain by. 


causing radical change. The present j 
leadership lacks that excuse. 

Power, of course, is what inspires 
political careers everywhere, but-suc- 
cessful political careers ordinarily in- ■ 
corporate some larger ambition. There 
is no sign of Larger ambition in the; 
struggle now being waged over the: 
unfortunate Mr. Major’s succession. 

There is in the parallel competition ; 
for the leadership of the Labor Party. , 
That could make the difference when! 
a general election finally arrives. 

International Herald Tribune.. . 

® Lot Angeles Times Syndicated ■ ■ = 


IN OUR PAGES: 100, 75 AND 50 YEARS AGO 
1894: f A Perfect Misery 5 w *th the help of their secret agen ts i 


LONDON — William Cranfield. 
thirty-five, a one- Jogged organ grind- 
er. was charged at Lambeth yesterday 
| May 18) with having assaulted his 
wife. The prosecutrix said he re- 
turned home drank, banged her head 
and then kicked her. She jumped out 
of the window. Mr. Biron: “Has he 
thrashed you before?” Prosecutrix; 
“Oh yes! My life has been a perfect 
misery. He is a good husband when 
sober.” The prisoner said he had 
greal provocation. He could not 
have hurt his wife much as he had 
only one leg, Prosecutrix: “He has 
thrown his wooden leg at me many 
times.” The prisoner was remanded. 


wild me Help or tneir secret agents m] 
Berne, they have spread in Switzer-^ 
land the report that, since the Anrn- 1 
slice, thirty-six Swiss have been iiii-i 
prisoned in Belgium, violently] 
attacked by the people in the Brussels! 
streets, and brutally Heated in jaifcj 
The incident shows that Germany,- 
whflt begging admittance to 
League of Nations, is still doingnlfj 
she tan to stir up international strife. 1 


1944: Missionaries Die 


ALLIED HEADQUARTERS m: 
AUSTRALIA — [From our 


Vork edition:] A Roman Caihofic' 
bishop and fifty-nine other mission*.' 
aries were killed outright oi died oH 
injuries when Allied planes strafed it 
Japanese prison ship off tht-NenS 
Guinea coast, it was asserted here] 


1919: German Mischief 

BRUSSELS —The Germans, hoping 


sassssE ass® 

land nth ,n » -Belgian Sritvanc. neW5 agOKy 


VjilL * 


w: 


■ delft 1 

: miliiii K ’ ,: 

■ flvyneni. 

! a 

ititert’* 1 » 

; 

• w Mr- L 

. ther^* 

• nres-idca* 


; There 
! view, a l 

; different 
. iruth: Hi 

- stand the 

; *han 

. Mr. Clm 

■ time, re? 1 

, srnnieni. 

■ the rich. 

! pun. 

Rifle ^ 

i vatjvo. ' 

■ thetr bc>i 

• form. e*e 
; (Vri'w-T 

• m£ Mr <■ 

their rank 
defeat hin 
public lifi 

■ Liberal 

; gaier t* 1 n 

ion * 

going for e 

Jjun tojoi 
jeci. The 
‘ point. 

gearing up 
«ere .*r* r - 1 
ir.g for fw 

• health cc» 

tthittmgaf 
jppfiuch. 
} pcri v 
that tnc> v 
pouring i- 
cjmp. - 1 hi' 
bamo o't! 
healin nil 
If the .*! 
Af^ue tha: , 
victim of ; 

. r.d-f arid 
there i- t 
contrived 1 

worse by v 
he irreoh 

week" . h -iz 
Cou-lj-c-n 
Clinton - ' v 
jhd emtvk 
Th-: dsf: 

u-iim.iiv* :r 

an T'C-'jcc 

■I itim :hc 
Ginvrt 
tuned n ir 

’Air he « bn- 

was r *’■: rc-i 

ihal he -- 1 : 


peiracun :« 
Bruce BaM 


LIFE <»! 

The Bin® 
Digbv G 
Harriiuat 


8. L'i.-.v, 
lust-- »2- 


Rd\ iewed 
Diane Mi 


T Ri \i\ 

:ha: P. 






i 











- J r *::s: .■■ buAs 




B *'*3 ‘ -■afBtoSSc 



-.jut ; aBJt 

■* •■■ ■■-• "- *X $“?w* 


-and 




• - ,J '-a re., 


’•••■•• --' ^^aieca^' 


M F ^_. *. , 


-:■: nrip to 


'--'"= rrcS! 






■. ;:•»<*? 
: . ~v. _ .;■* -■■■ -■JcitKsas e 
**! •• •. .1 •-;; r"OC(!C|ftUt-«i 

1 1- .,./■ * : - .'"*'”7 ,? st. 


•'vir:tr±. 




I’iJSiS. 

-'^■V 


m on the Id 




<■ ■. «. 
; vr- 


:• - 




._■ : *- , -*7 ?r 




bie in Decli® 


- - •- i-r m 


INTERNATIONAL HERALD TRIBUNE, THURSDAY, MAY 19, 1994 


OPINION 


How to Alienate Friends 
And Embolden Enemies 


By E. J. Dionne Jr. 


• W “ President BUI and Clinton aides let ii be known that 

« r/™ 100 * pooucal enemies truly his nomination was inuninetU. 

j mS™ **“ defcit, «* hu- Enter Senator Onin Hatch with the 

\ k .c&enual task of the ridiculous smear that Mr. Babbitt 1 


; moment. His 
» a way that 
| interest in his 


deal allies do not act in 
strata a comoarahte 
yes. 
. come 
policy. Bui 


was a 


i i™ 51 1X1 “s personal success. Oh v 
• Democrats and liberals will mostly coi 
J to Mr. Clinton's defense on policy. B 


favorite of the “far left." Mr. Hatch, a 

Utah Republican, does not much like 

Mr. Babbitt’s efforts to get Western 
ranchers to pay something closer to mar- 
ket rates for die use of federal lands, and 


• rKl.il h . L a. r™’J' aw IlllUIUI UM. UM U1 ICUCIill litnai. 

1 I ier v* as P*? 1 “tlie rallying around the he pledged to battle against him. 

I pres den tin ins times ofpersooal trouble. Mr. Hatch's attack on Mr. Babbitt as 

* xa ,nere J?* Mr. Clinton's point or some son of leftist ideologue was ob- 
» !rr Y' a ctiai J lax> ' e explanation for this surd. Mr. Babbitt was the prototype of 
•JS? lhaI “Stains pan of the the moderate “New Democrat" wiwn he 
i uutn. fits conservative enemies under- ran for president in 1988. And it seemed 


| stand the stakes of his presidency better 
I w 1 l , £ erals Conservatives' see in 
i *" r - Clinton a man who might, over 
i time, restore popular faith in active gov- 
j eminent, who is willing io raise taxes on 
, the rich, offer a sweeping health care 
1 plan, lake on and beat the National 
, Rifle Association. Worse for the conser- 


clear, even to Republicans, that he 
would win confirmation. Moreover. Mr. 


Clinton had publicly considered and 
jected Mr. Babbitt for the court 


re- 
las ( 


year. Would the president do this twice 
to someone who was carrying one of the 


toughest portfolios in his government? 
t. Cunii 


Mr. 


. . r-<- ■ — -.—Hon cut and ran, dispiriting 

| Tif • vc ?Vi ,r .- Chiton is adept at stealing supporters who thought that he meant 
I their best issues — crime, welfare re- woat be said about looking for a differ- 
« form, even family responsibility. ent kind of justice this time out. 

Conservatives simply cannot risk see- "1 do feel that be sometimes can be 


I , ' _ ~ wmivv lion J uv IVi.1 UWV UV WIIKUI1IQ Ulli UC 

, mg Mr. Clinton succeed. And some in pushed and pulled by political consider- 
| ranks are calling to do anything to aliens, polls, whatever. Senator Patrick 
i defeat him, even if that means dragging Leahy. Democrat of Vermont, said on 
; public life down into the gutter. “Face the Nation" Sunday. “And you 

! Liberals, on the other hand, seem more have to stand up every so often and just 
, eager to moan privately about Mr. Clin- saw ‘I nnlr thic ic tuhat I’m onlna m Art ' ” 


j — . say, ‘Lot*, this is what I’m gang to do. 

j ton s flaws and to argue that he is not Mr. Clinton, of course, has taken on 
; going far enough on this issue or that one more than his share of big rights. And 
i than to join in defending a common pro- there is nothing immoral about compro- 


( jecL Toe health care issue is a case in 

• point. While die enemies of reform were 
) gearing up, friends of universal coverage 
i were spending much of their time Jobby- 
j ing for pet causes — expanded mental 
i health coverage, for example — and 
| whining about problems with the Clinton 
i approach. Supporters of health reform 
| spent so much time fighting one another 
i that they did not notice the heavy guns 
■' pouring in shells from the opposing 
\ camp, which started winning the broader 
j battle over whether there will be any 
j health bill avail tins yeas. 

; If the story ended there; one could 
; argue that poor Bill Clinton is simply the 
■ victim of conservative bloody-mmded- 
>- ness and libera! self-destructiveness. But 
there is more to it. Mr. Clinton has 
contrived to make this problem much 
worse by seeming at crucial moments to 
be irresolute, even bewildered. Last 
week’s bizarre quest far a Supreme 
. Court justice is the latest example of Mr. 

‘ Clinton's propensity to alienate friends 
and embolden enemies. 

■pie difficulty does not lie with his 
' ultimate choice. Judge Stephen Breyer. 
an intelligent moderate much respected 

* within the federal judiciary.' But Mr. 

’ Clinton took a defensible choice and 

turned it into a personal defeat. For it 
' was he who let the word go forth that he 
- was not really crazy about Judge Breyer, 

I that he wanted to name a thoughtful 
' pobtidanto the court Interior Secretary 
Bruce Babbitt seemed just tbe person. 


mising to win support for a broader 
objective. But it is a mistake to give way 
when doing so tells your friends that you 
won’t right and your enemies that they 
can roll you. If Mr. Clinton won’t stand 


ujp for Bruce Babbitt against Onin 


itch, why should the president expect 
other Democrats to stand up for him? 

Part of the problem here goes to Mr. 
CSn ton’s governing style: There was no 
reason to let this decision go down to the 
wire, especially since Mr. Clinton had 
ample notice that Justice Harry Black- 
mun was retiring. If even a month ago 
Mr. Clinton bad decided that he did not 
wadi a fight and named Judge Breyer. 
there would have been sane grumbling 
from liberals but no embarrassment of 
Mr. Babbitt, no public caving to Mr. 
Hatch, no commentary on indecisiveness. 

ftedady because so modi is at stake in 
tbe success or failure of his presidency. 
Mr. Clinton cannot afford the ad hoc, 
last-minute style of deciding things that 
he seems so fond of. Wherever he has 
control he has to pick his fights in ad- 
vance with an eye toward his broader 
goals. Sometimes it is worth fighting, 
even with your friends, to show you have 


The Muckrakers Managed 
To Surmount Their Scruples 


By Richard Harwood 


W ASHINGTON — “Late last 
Year,” The Economist magazine 
reminds us, “the press had a choice 
between two sorts of potential presi- 
dential muck . . . money and sex." We 
in the American press chose the money 
(Whitewaier). The sex (new tales of 
philandering by President Bill Clinton) 
was passed over. 

An ostensible reason for this decision 
was our squeamishness about the ethics 
and propriety of digging into Mr. Clin- 
ton's private behavior. Another was 


MEANWHILE 


squeamishness about our own reputa- 
tions. It had become. Newsweek would 
say, conventional wisdom that the use of 
newspaper sex squads is a trashy lactic 
So we declined to “soil the breakfast 
tab!e"{a promise of the first Ochs at The 
New York Tunes) or soil our own im- 


ages by publishing various versions of 
tnes 


: sexual history of Bill Clinton. It was 
to be a most temporary abstention. 

All along, there has been little doubt 
in the minds of many journalists that 
salacious tales about the presiden I were 
true or approximately true and that at 
times he had been recklessly promiscu- 
ous. As the editor of the now defunct 
Arkansas Gazette has put it, “Most 
Arkansans have never thought Clinton 
was monogamous" but thought it im- 


polite to publish the facts. He was a 
or th 


member of the sexually liberated baby- 
boomer cohort that ’scorned ancient 
taboos about liberal sex. 

This revolution, begun in the 1960s, 
has accelerated to the point ihat 40 
percent of American teenagers now lose 
their virginity by the ninth grade and 70 


percent arc sexually active by their se- 
nior years. Tbe number of babies bora 
to unwed mothers now approaches 1 
million a year. As (be illegitimacy rate 
dimbs, social disapproval evaporates. 

Today's journalists, in the main, 
grew up in this climate and, like most 
Americans, are generally sophisticated 
and blnsfe about sexual behavior. Who 
sleeps with whom is a popular and 
noupqorative subject for gossip be- 
cause we hear it all discussed on the 

talk shows, see it all in films and televi- 
sion productions and read all about it 
in magazines and newspapers. 

Exposed to a barrage of Clinton ru- 
mors and allegations two years ago, we 
Americans responded by electing him 
president. Fewer than 5 percent of the 
electorate thought "morality" was 
a bunting issue. 

There is one exception to these alti- 
tudes of live and let live. It is called 
“sexual harassment. ” It is a product of 
the feminist movement and has become 
a canon in the drive for political con- 
formity that preoccupies the press, 
large business corporations (fearful of 
lawsuits), politicians (fearful of tbe 
feminist lobby), academicians and the 
intellectual community in general. It 
has also become a profitable business 
for plaintiffs and their trial lawyers, 
and has stigmatized (fairly or unfairly) 
countless males who in past years may 
have been seen as office downs but are 
now seen as brutish slobs. 

Once “harassment" entered the pic- 
ture, the press's promises to stop peek- 
ing into bedrooms, yachts and the back 
seats or family cars were abandoned 
instantly. The president's alleged sexu- 
al history is back on tbe front pages 



SlK.TtfER&'i A • ,1 

BWABow-fi*. : 1. 

CLOSET!'. - 


USIEN.^foutoiYJUsr IHwET0S6O.IAYSttiKYTo 
TH&SuftRMftRKETTABLOlPS. 
vhLbf- Ntu-V. mew -mERE's t mshy imktv. 

AHt>1 WEK£*S A BOOK in , 
; -tws.too- && eocv<s! 

8*6 bucks' 

\ 


WU.Y— 
rTTNC££.U«E. 
STRATEGY. 






£ hi*; 


* Geo <r ; 


and tbe evening news shows, and will 
be around for many months. 

We will seek out the alleged victim of 
harassment and anyone else who may 
have encountered Mr. Clinton is a mo- 
ment of passion. We will investigate 
and produce profiles of tbe lawyers, 
witnesses, judges and ex-boyfriends of 
tbe women involved and most likely 
will go back to the friends and girl- 
friends Mr. Clinton acquired during his 
years at Georgetown. Oxford, the Uni- 
versity of Arkansas and as a young 
politician. We will explore tbe political 
and financial motives of this cast of 
characters. We will write about consti- 
tutional issues, presidential immunity, 
presidential ethics, statutes of limita- 
tions and perhaps even impeachment 
scenarios. One way or another this sto- 
ry is going to have a long life. 

Why? The press knew ail about these 
charges against Mr. Clinton months 
ago — every delicious detail: that while 


governor of Arkansas in 1991 he had 
Paula Corbin Jones, a minor clerk in 
the sute bureaucracy, brought to his 
hotel room, where he propositioned her 
and was rgected. 

She offered her story to the press. The 
major papers and networks ignored her, 
calling her claims irrelevant and unsuit- 
able for publication. 

Only one thing has changed since 
(hen: She has repeated the story in a 
lawsuit. This transforms a little hotel 
room encounter from a “tabloid tale" 
into a major “social issue." a case study 
in the animalistic abuse of women in a 
sexist society. Why the press did not 
see it that way when Mrs. Jones first 
recounted the incident is something the 
editorial writers and captains of our 
industry ought to explain to us. 

Russell Baker, a pseudo-rube from 
Leesburg, Virginia, tells us in The New 
York Times that he was inspired to 
pontificate on the many ramifications 


gtlhlfc ,[ 3 
Jip an^i, 
iiunisi’L 

fdesig^i 

L aboi a ‘j 
3 m po C1 ’ 
ptron l V 
j- direr,; 

of the Climon-Jones case but was over- j 

come by the hvpocrisv of it all. -..j? j 

“I am struck." he sail! “by the ridic- 3 TU]-j 
ul ous solemnity in which Americans 3, ez Ii«“ v 

(UW ill. i 


try to conceal their prurient obsession 

with sex.” The media’s mission, when "VTM 


ones** 


you get beyond the rhetoric of “find- m.. 
ing truth and doing j ustice" is primar- ■ . Hiii' 

ily to “gratify a sex-drenched society’s 
passing delusion that it is not sex- v *! 
drenched at alL but purer than Hester jr.. -ef 
Prynne’s home town. sianui/- 

“There they all are — senators, law- 
yers. political giants, great editors, bril- 
liant columnists — all poring over 
these evidences that sexual foolishness 
has been amok in our land. Horrors!" 

Horrors, indeed. I breathlessly await 
the text of tbe depositions, brought to 
us soon, we hope, as a public service by 
the virgin press. We shall read them, 
not for the spice, but in fulfillment 
of our civic duties. 

The Washington Post. 


rshtL> 
thsomt ■- 
3. 1. 

“e 

< s 

3st “ 

ce e 


LETTERS TO THE EDITOR 


i 

;e 

' & a 
• rces 
.res" 


End the Cuba Embargo 


Regarding “Cuba; Don't Reward Cas- 
ino, Tighten ihe Embargo" (Opinion. May 
16) by Vicente Echerri: 


it to remind your political friends that 
they really do have a stake in you — and 
you in them. Democrats need to realize as 
well as tbe right does how much hangs on 
the Clinton presidency. But only Mr. 
Clinton can convince than of that 
The Washington Pest. 


Mr. Echerri *s article is vitally wrong. 
You do Dot bring democracy to coun- 
tries by tightening embargoes. The end 
of communism in the East bloc coun- 
tries and the ex-Soviet Union was not 
brought by embargoes. It was brought 
by diplomacy and trade. 

President John F. Kennedy was mov- 
ing toward dropping the’ embargo 
against Cuba when he was assassinated. 
If he had succeeded. Cuba would be a 
different country now and Fidel Castro 
would not be its ruler. If the sanctions 
had been dropped in 1964, Cuba would 
have involved itself in trade with the 
United States and would not have been 
dominated by the Soviet Union. 


The administration of President Bill 
Clinton should drop the sanctions 
against Cuba. Once that is done, you 
will see dramatic and positive changes io 
Cuba. By the tune Mr. Clinton finishes 
his first term, Cuba will have moved 
toward democracy. 

PIERRE SALINGER. 

Washington. 


su: 


is. is unlikely to produce Chinese 
will’ keep the pressure on 


A Proper Trade Formula 


Regarding “ Clinton Needs a Flexible 
Trade Freeze With China " (Opinion, 
May 17) by Michael A. Santoro: 

The writer proposes that the Clinton 
administration freeze China's favored 
trade status until it improves human 
rights. He proposes granting favored 
treatment to imports from China up to 
last year’s level and subjecting addiuon- 
aJ amounts to higher tariffs. This, be 


tiation and 

China to improve human rights. 

What would be the effect of this two- 
tiered tariff? It is hard to see why tbe 
Chinese would not retaliate in exactly the 
same way, preventing the growth of U.S. 
exports to China. Since the quantities of 
Chinese goods sold in the United States 
would be restricted, the American prices 
of those goods would rise, lowering the 
American standard of living and raising 
the profit levels of Chinese firms. 

A better policy would be one that 
rewards the virtuous, punishes the vil- 
lains and benefits Americans. Why not 
unilaterally eliminate “voluntary im- 
port restrictions on shoes, textiles and 
other goods from all countries with 
laudable human rights records? At the 
same time President Bill Clinton could 
announce that henceforth no anti- 


dumping actions will be brought against 
countries with satisfactory human rights 
records. This policy would divert invest- 
ment from countries with shameful hu- 
man rights records to three with laudable 
ones. It would lower prices in tbe United 
States of affected goods, and it would 


reduce profits on the Chinese exports that 


sduce profit! 
ill make it i 


still 


into the United States. 


EDWARD TOWER. 
Kuala Lumpur. 


produce weapons of mass destruction. ^Jeri 
Fratcti companies played a leading*Tay. 
role in the past in arming Saddam's re-— aid 
gime. According to Mr. Safire. they seem ;ri- 
to be ready to play that role again. 1 ere 
would urge French human rights advo- sn- 
caies to intensify their campaign against 
their own stale, not against Turkey. a( nd 
MUTLU AYMAN. t/ed 
Ankara, W“ 


For the Iraqi People 


Cherchez le Right Word 


a 
14a- 

*n- 


Regardtng “ Questions Related to Sad- 
dam (Opinion, May 4 ) by William Safire: 

If Mr. Safire really cares about the 
plight of the people in the region, then the 
embargo against Iraq is no answer. In- 
stead. the Gulf War allies should seek 
ways to prevent tbe supply of parrs and 
technologies to Iraq that might be used to 




Regarding "Bill to Outlaw Some Uses- ■ 
of English Nears Approval in French Leg-f&A 
islature" (May 6): , llt0 

There is more French in the English 
language than English in the French. h&t 
That's what makes English so rich. li nd- 
en ables us always to select le mot juste. ^ 
NORMAN SANDERS. _-a 
Draramen. Norway. y. 

i) 


-'■S'; 


BOOKS 


- UFE OF IHE PARTY: 

I” The Biography of Pamela 
Digby Churchill Hayward 
Har riman 


WHAT THEY'RE READING 


By Christopher Ogden. 504 
pages. $24.95. Little, Brown. 


Reviewed by 
Diane Middlebrook 


T ruman capote thought 
that Pamela Digby Churchill 
^Hayward (later Harriman) had nev- 
er Tend a book. She had better not 
-start with this one — “Life of the 
. Party" doesn’t seem to have been 
/read even by its author before going 
into printed pages. Apparently con- 
, struct ed as an mipendagc to its own 
• -index, it offers the lumpy example of 
-’;ibe kind of journalism made possi- 
rbfc by access to an electronic tafor- 
matron dump- Tbe resulting naira- 
Cwe can be described as Early 
.Cyborg. 


• Herat Moures, president of 
BriB France, is reading "Les Lett res 
de la Princesse Palatine ” (The Let- 
ters of tbe Princess of Palatine.) 

“Living in France between a ho- 
mosexual husband {the king's 
brother] and an autocratic brother- 
in-law [Loins XIV], this German 
princess was able to show on the 
one hand how tbe status of women 
could improve and on the other, the 
beginnings of modern Europe." 

( Elisabeth Hopkins, IHT) 



ward R_ Murrow, Gianni Agnelli. 
Aly Khan. Elie de Rothschild were 
her lovers during the years before 


her marriage to the producer Le- 


And yet what material it is! At 


in d yet win 

-'age 66 Pamela Harriman became, 
according to Ogden, “one of the 
■ world's wealthiest widows" and at 

* age 73, after helping KD Cfiaton 
--become president, was named am- 
•■bassador to France. Triumph in rad 
n age is rare enough in any life; in this 
‘ one, glmnsi inconceivable. Ham- 
' man survived all the disadvantoges 

* of protracted ttmbohood and or sg- 

nifkanl miscalculated alliances. 
? -both romantic and political, btfrae 
achieving the twin peaks of Slw 
-'million and a Washington power 

-base. How did she do »t? 


Ogden organizes the book as a 
ladder, each chapter focused on a 
man whose support Pamela sought 
and rarely failed to acquire. Pamela 
Digby was bom into tbe English 
aristocracy in 1920. She received tbe 
upbringing regarded among the 
landed gentry as suitable for a 
young lady destined for marriage to 
a country squire, but teenage so- 


journs among the rich ra Europe, 
‘ etted her 


New York and Toronto whetted 
appetite for more worldly men. Fol- 
lowing her London season as a deb- 
utante in 1938, her family shipped 
her bade to Dorset for safekeeping. 

Then tbe war came to her rescue. 
Various family connections found 
wodc for her as a French translator 
at the Foreign Office in London, set 
her up in Whelor-giri digs, and 
arranged a Wind dale with Ran- 
dolph CbudulL tbe only son of 
Winston ChurduU. On their second 
date, Randolph proposed marriage: 
Expecting soon to be sent to the 


front, he wanted to produce an heir. 
Pamela obliged. She was 19. 

Winston Churchill was prime 
minister, and for protection Pamela, 
too. was housed in the official resi- 
dences at 10 Downing Street and 
Chequers when die was expecting 
young Winston, who was bora in 
October 1940. The nightly terrors of 
tbe London Bhtz brought Pamela 
and her in-laws intensely dose dur- 
ing her pregnancy and tbe baby's 
infancy, a bond that outlasted her 
marriage to Randolph by many 
years. The only damages Randolph 
sustained during the war were enor- 
mous gambling debts, but these 
drove Pamela Chundrill back on her 
own resources. She slashed the 


baby with a nanny at the country 
"ither,r 




BRIDGE 


w 6 : 


\jt- i. tee, intending to folio 
— ^TTl i V- u . ' , - king; and thought sy 

r.v - when tiw jack appeared 

- h did not seem Hedy uy 


“I sensed happy vibes from 
East,” Hutzler reports, “so, right or 
wrong. I assumed a 4-1 trump 
Split." The opening bid suggested a 
doubleton spade with East, and 
therefore a 2-44-3 distribution. 

■ South cashed die spade ace and 
tbe dub ace. He; followed with tbe 
dub king, and led the diamond ten 
for a winning finesse. A club was 
• wdcd ui6iii£X8PP 6 ““*“''“- "r-j discarded, on the spade king, mid 
- It dS not seem ffiy that West had the dosed hand was entered witii a 
■ Wnr with two singleton, but there 'diamond tend to the king. The dub 
: begun Available, queen was cashed, allowing a dia- 

mond discard from dummy, and a 
diamond was ruffed. This stripped 
East of all bis cards outside the 
trump suit and left this ending: 

NORTH 

«PKfl 
■ o — 


'By Alan Truscolt 

H ARRY HUTZLER, as SouA, 
arrived in six hearts after an 

opening three-spade bid on his lei L 
* . South wo a with the ace m dum- 
my, since the queen was Iik«y to o® 
- with East. He then cashed the heart 
„ acc, intending to follow ' wth .te 


home of his godfather. Lord Beaver- 
brook, and returned to secretarial 
work in London. Early in 1941 she 
became the mistress of Avtrell Har- 
dman. Roosevelt’s Lend-Lease en- 
voy to Britain, and spent the next 
two years acting as Churchill’s and 
Beaverbroofs go-between in a ploy 
to involve the Americans ever morc 
deeply in the war. 

Tbe affair with Harriman ended 
in 1943 and did not become a mar- 
riage until 1971, following the 
deaths of spouses on both side and 
in Pamela’s case, after numerous 
other high-profile affiliations. Ed- 


land Hayward in 195 

But despite its title. “Life of the 
Party" is not exactly about a party 
gjri. According to Ogden's sources. 
Pamela didn't care much about sex. 
one way or another. Her serial life 
was her profession: Abandoning 
motherhood except in name, she 
made a career out of serving as a 
savvy conduit among powerful men. 

Ogden does not delve into the 
complexity of the character that 
made these attachments possible, 
or necessary. In lieu of a psychoso- 
cial portrait, the author provides a 
range of labels. To men Pamela is 
many things: “the greatest house- 
keeper of all time,’ “an artist at 
providing service,” *'a superb 
nurse," “an English aristocratic 
tart," “a geisha girl who made every 
man happy." To nervous wives she 
is a dreaded “widow of opportuni- 
ty." We get tantalizing glimpses or 
the discipline with which she ac- 
quired expert knowledge in many 
fields but Tew clues as to what was 
going on in her head. 

This is partly because Pamela 
Harriman is siill alive and can 
speak for herself, or through her 
lawyers. Ogden proudly describes 
his book as “unauthorized" (by 
which he probably means “uncom- 
missioned") but acknowledges that 
the project grew out of 3 financially 
attractive invitation to ghostwrite 
Haniman’s autobiography. He in- 
terviewed her intensively for six 
months before Harriman lost con- 
fidence and Ogden lost permission 
to quote. Perhaps this slapdash 
production is the outcome or a de- 
sire to cut his losses. 


□ 


Diane Middlebrook. the author of 
u Anne Sexton: A Biography, ” wrote 
this for The Washington Post. 


/ was a 


north 

♦ K85 


CAR 62 

0 A 1694 

*AK 




WESTfD) 
10964 2 
O J 
ej. 

*-J9 7« 


EAST 

♦ 73 
?QSfl5< 
OQ613 

♦ 'W4 3- 
SOUTH 


*■ . 5 


♦ A 

t7»873 
« K 6 5 2 
+ Q 8 5 2 


WEST 

* J 


EAST 
•* — 

■7 Q 18 5 
0 — 


" Norm and South were vulnerable. 

“ The bSJdlna:^-- - South 

-■■West ‘ North 4 

* ZZs - -f* PasS 6 - 

;SS-..p«i 

West ted the diamond jack- 


SOUTH 
♦ — 

•t? 98 7 
v— ’ 


Wien, dummy’s spade was led 
East -found that lus two trump 
tricks had shrunk to one. 


f— HcralbSESribunc ~i 

www n- vmiw.w 

LIVING IN THE U.S.? 

NOW PRINTED IN 
NEWARK 
for Same Day 
Delivery en key Cutes 

TO SUBSCRIBE, CALL 

1 - 800-882 2884 

(IN NEW YORK, CALL 212-752,3800) 



3. 

en 

id 

as 


■C- 

!W 

of 


50 million 16-34 year olds in europe get 

contact: frank brown , director advertising safes europe - 44 71 284 7533 


mtv 



a 1 

he?- 
_ dis- 
ited 





a ne 8 


IIYTE R N.lTi ON A L BEK-MO TKfiBl'NE. THURSDAY. MAY 19, 1994 


SCIENCE 


Page 2 


3.^ En.ir 




By Natalie Angier 

Vrti- Ytrk Tima .S Eenrnv 


gj EW YORK — Women may noi find 
i ^ s surprising but one of the most 
Hwfj persi&lrat and frustrating problem* 
Ea \aa in evolutionary biology is Lhe male, 
pectfically. where did he come from, and why 
oesn’t he just go away? 


After many years of rabbin® their chins so 


__ , ard they are practically scraping bone, scten- 
\5 sts say they stiff cannot explain to their satis- 
u tciion why the great majority of species on 
irth reproduce sexually, It would be so much 
? eater and more sensible if females were to do 

? !\ ev ie whole reproductive business solo, either by 
? , taking simple clonal copies of their eggs — as 
1 p 1 o some lizards and fish, for example — or b\ 
Bu lanufac luring in-house the sperm needed to 
prop 1 ;rt jy zc jhe eggs, as do some worms and snails. 
_T Instead, in most species, a female relies for 
, i er genetic survival on sex with a male, a bearer 
L i f semen and usually not much else. In ?»i 
s E ,lh oing. she makes suhstamiai sacrifices, 
inon H g r ^(spring en d up with only half her genes. 
P r ‘ 1v ather than Lh? whole portion borne by the 
er \l bildren of asexual mothers. The mating ritual 
- . ^!sclf is often u me -consuming, complicated and 
th rd lo l0 P * l — oh. injustice! — the 

“GVnal'e typically makes a swift postcoiial e\iL 
e\ec MV ^ n & the female to rear her offspring alone. 
e ' „ Now a researcher from the University of 
™ iritish Columbia offers results lhai only deep- 
n the mystery of why male.? arose on the 
. ■' '.‘Olutionary stage and why females continue to 
1 __o/erate them. 


males and females is a simple matter of cdl 
division. Because a male generate* so much 
more sperm than a female does eggs, his sex 
cells are dividing comparatively "faster and 
more often. It is during cell growth, when 
chromosomes are being copied for apportion- 
ment into two new cells, that the greatest likeli- 
hood or genetic missteps arises. 

Scientists have long suspected that males 
may be responsible for the great majority of 
new mutations that appear in a population of 
animals, but they have only just begun to gather 
supporting evidence from DNA studies, 
ong humans, the rate of mutation in a man's 
sperm cells may be at least six times greater than 
in a woman's eggs. What is more, the mutational 

excess mourns with a man's age. suggesting ibal 
women may do well to follow men's time-hon- 
ored tradition and seek out voung mate?. 






In the report. Dr. Rcdfield took some of the 
findings that have emerged on the high rale of 
mutation* in sperm cells und incorporated the 
Figures into a computer model comparing the 
crisis and benefits of sexual reproduction. Her 
results cal! into question a prominent Lheory of 
why sex evolved: m prevent potentially harmful 
muiauons from gradually gathering in a female's 
genetic stcck. By this notion, asexual reprtxiuc- 
Uon is a one-way street to total genetic decay, as 
mutations arise during lhe cloning of the fe- 
male's eggs, and ihiise genetic errors accrete 
dangerously with each succeeding generation. 








■4 Reporting in the the journal Nature. Dr. 
b roi tosemary J. Rcdfield of the department of 
veur C ‘°I 0 S> demonstrates that a female, by mixing 
"deni icr chromosomes with a male's, perpetually 
trad empts genetic disaster, 
in* It tum? out that the male's sperm cells are 


liikely to be riddled with far more genetic mma- 
are ions than are the female's eggs — -anywhere 
djff.'rom 2 to 100 times more mutations, depending 
gel • jn the species. And given that most genetic 
pnvdlerauons arc undesirable, possibly resulting 
fn disease or frailty in one's offspring, the 
opp'emale appears to be getting a lousier deal from 
new^ual reproduction than scientists previously 
nc^iad imagined. 

oih "We take it for granted that ail reproduction 
“hould involve genetic contributions from male 
for cid female parents. possibly because sex is such 
youn essenual and engrossing p3ri of our own 
Dai'es." Dr. Rcdfield said. “But in fact, we still 
lutJun'i know why this kind of reproduction 
lioevolved and has become so common. Rather 
Shan helping to solve this controversy, my pa- 
ha-oer points oui ihaL the problem is worse than 
seeve had thought.” 

In.* The discrepancy in mutation rates among 
foi 

Ha-rr\ -r- -rr -u 


NE reason for sex. then, could be to 
Jgga inject a new round uf genes into the 
mix to help keep the mutational load 
at a minimum. Enter the accommo- 
dating male and his refreshing sperm. 

But Dr. RedfieldY calculations suggest that far 
from cleaning up the mutational mess, the male's 
contribution may only make it unr-e. In her 
computer model, she compared Lhe mutational 
outcomes of females who reproduced asexually 
and females who mated with males bearing a 
varying number of mutations in their sperm cells, 
or gametes. It did not take many extra mascu- 
line-based mutations before asexuality began 
looting like the superior strategy. 

“If sex h the device to reduce lhe mutational 
load, and if lhe male mutation rate i» indeed 
higher, then it doesn't loot: like a reasonable idea 
for a female to have anything to do with a male 
and ius contaminated gametes.” aid Dr. Alexey 
S. Kondrashov of the department of ecology and 
systematic?; at Cornell University. 

Dr. Kondrashov pointed out that many muta- 
tions. liny changes in the lettering of the DNA. 
have no effect on an animal ai all for the great 
bulk or generic material in ibe body is recalled 
junk DNA. apparently serving Utile or no pur- 
pose to begin with. Changing this filler material 
would have about a> much impact as substituting 








vi ew 


Look at Genetic Role of Male 


y '•tn l w Twit % Xivt I.,.’ 

EW YORK — When it comes to 
ecjij^ri parceling out blame for birth defects 
in ra and genetic disorders. uvmen have 
SiliJ vJ historically shouldered most of the 
burden, particularly older mothers who suppos- 
edly risked their offspring's well-being by lei- 
C( iine their eggs sit around growing progressively 
jr-more Male and chromosomal!;- unstable. 

By contrast, men have been’ seen a> eternal I v 


.fertile, abie to father health? children well into 


(| their dotage. 


&3dei? Men's Risk 


Becau&e a male makes much 
more sperm than a remale does 
eegs. his sex cells dhrids faster 
and more often, increasing the 
likelihood of mutations. The risk 
increases with aae. 


Number of divisions a 
man's se* cells have 
undergone at 
various ages 


JC-.-. 

li-TSAi- K 

A 


l' 






Puberty Age 
20 


; Soiree. Or Jsrr.&p F Ow. Unrs&rsrh a '.Vis-Tensm 


U- K-v ^'s^ !>-■• . 


Bul growing evidence suggests that men. rath- 
er than women, may be the source of moM new- 
generic mutations in the population, and thus 
may be responsible for the majority of congenital 
diseases that seem to come from nowhere. In 
addition, the older the man gels, the more likely 
his sperm is to carry genetic mutations. 

The new view is" based largely on studies of 
individual cells, and scientists emphasized that 
they have much to let- m about the source of 
genetic mutations. Nor do they have any idea 
how often a minor variation in the genetic 
blueprint for a human being translates into a 
birth defect. 

i he overwhelming majority of genetic alter- 
ations lhai appear in the course of generating 
se\ cells arc likely u> be harmless. Nevertheless, 
some researchers said it -a as time io take a 
closer look at the inherent fallibility of .-.perm 
cells. "This is a subject that has not received as 
much attention as it should.” said Dr. James F. 
Crow, a geneticis! at the University ol Wiscon- 
sin in Madison. 

As long as half a century ago. J. B. S. Haldane, 
the Scouish geneticist, proposed lhai cases of 
hemophilia not associated vviih a family history 
of the disease were much more likely to be the 
result of a genetic glitch originating with the 
male's sperm rather than with the female's egg. 

Scientists realized that while a woman's eggs 
are fully formed during fetal development and 
undergo no further celF division after birth, the 
progenitor sex cells that give rise to a man's 
sperm continue to divide throughout his life. 
And the greater the number of ceil divisions, 
the greater the odds that minor errors called 
point mutations can occur while the chromo- 
somes are being copied. 

More recently, scientists have shown that 
genes on the Y chronuisome — the sole prov- 
ince of the male — do indeed mutate at a faster 
rate than genes on the X chromosome, which is 
essentially though not exclusively a female 
chromosome. 

Using these and other new findings, scien- 
tists estimate lhai the overall genetic mutation 


Natalie Angler 


Another Twist in Butter-Margarine Debate 


By Sally Squire,? 

li tiJt:in.:iJK r .'•V- i.v 


g:* gj ASHI NOTON — An analvsis. 

G‘/^4fe baking con*umptn*n of margarine 
*i’W tT’V l ” heart-disease deaths and *ug- 
gesiing that butter miahi be a Kn- 


in vcgeutble oil* and shortening* that are par- 
tially hydrogenated. In this process, natural 
liquid oils are healed and hydrogen is added lo 
convert the oils to a solid fat. 


ter choice is drawing strong criticism from 
federal officials. 

Harvard Universuv researchers reported Iasi 
week that a type of fai found in some margarine 
and fas: foixl? could help account for 30.000 
deaths a year from heart disease — about 6 
percent of the death rate from heart disease. 

These fat<. called irans faliv acids, are found 


Pressured by public-health officials and con- 
sumer groups to lower ihe amount of --aluraied 
fat in fasl fiiids. many manufacturers have 
recently switched to Iran-; fatty acids rather 
than using beef tallow to ewit fried [••.sds. 


Writing a commentary in the American Jour- 
nal of Public Health. Walter C. Willett and 
Albert Ascherio. both of the Harvard School of 
Public Health, called for new federal regula- 
tions requiring food manufacturer* to label the 
content of Iran* faitv acid-. 


But critics said the link between this type of 
fat and heart disease deaths has not been 
proved. To begin with, there is no accurate dutj 
available to know how much trans fatty acids 
Americans eat. and patterns of using this type 
cf fat have been erratic. 

“How can you attribute these deaths to trans 
fatty acids if the intake has been so erratic?” 
said Nancy Ernst nutrition coordinator for ihe 
National Heart Lung and Blood Institute. 

Dr. Emsj said Ihe juthors' opinion differs 
from lhai of the institute's National Cholesterol 
Education Program, vvhich reviewed the same 
data last year and unanimously concluded 
"that irons fatty acids do not raise blood cho- 
lesterol to the rate that saturated fat does." 


Answering the Question: Why 




By Sandra Blakeslee 

Vm York Tunes Semee 


- x-,. 


EW YORK — Researchers are find- 
ing ways to answer a question that 
haunts every cancer patient: Why 
me? The explanation, they say. can 
be Tound deep within the cells of the body in 
biological factors called markers. 

Like the smoking gun in a crime novel, mark- 
ers are physical evidence of the foul interplay ' 
between canc er-causing agents in ihe environ- 
ment and a person's genes. But as in all who- 
dunits, ihe true villain can be the one who 
arouses least suspicion. 

The new research shows that cancer is not 
primarily caused, us many Americans tend to 
think, bv the poisons spewed into the air. water 
and land by industry. Rather, each person is 
bom with various genetic susceptibilities, es- 
sential fv weak spots in their genetic makeup, 
thai play a leading role in the cellular mayhem 
called cancer. 

For example, researchers have found that 
some people have genes that enable their bodies 
to detoxify chemicals rapidly, including the 
carcinogens found in cigarette smoke and natu- 
ral carcinogens found in foods. 

Others are bom with slow acting varieties of 
the same genes; their bodies are less efficient at 
getting rid of carcinogens. If exposed to large 
enough quantities of the chemicals, these slow 
detoxifiers are more likely to get cancer. 

The research sheds light on a vexing ques- 
tion. Whv do some people who smoke ciga- 
rettes and eat an unhealthy diet live to be 90 
w hile others who live healthy lives succumb to 
cancer at a young age? 

The subject is being discussed this week at 
the annual meeting of the American Society of 
Clinical Oncology, being held in Dallas, and is 
the topic of an increasing number of scientific 
articles. 


rJtMIS 95.-10 wlTO fS Jite# 


Cancer RiSKa?* 1 

Researchers say*at does a&to 

exanipfes./ ■ 




■Fcarai ire ^ : 

tissues^ certeuri ' 

food, E^-clgarette'.;';. 

smdhe and 'j .! : 

sources. But ■ .. -. s 
genetic. vatojops;'' 
in these anzynles ■ 
canresuftiri'-’.. 

-moie-of the.--:. .. : %S£. ■'* 
oancer-cauaTg-’ JM ?: : 




-iri? 


avtWato,.'..-. 


ADDUCTS— ^7 
Chemicetis that 
bound to DNA or; . 
jHoleins carti» • 
found in peopfe' s - 
exposed to air 

pc^utkm. ragarette 
smoke and other 
contaminafes. - r- 



mm 




VPjSSy. 

t.SW/ 




one styrofoam peanut for another in a shipping 
crate. 

In addiuon. some mutation? are beneficial, the 
source or heightened talents, diversity, evolution 
itself. Indeed some of the researchers who have 
published reports on mutation rates tn sperm 
have noied that males, as Lhe primary source of 
inadvertent genetic change, may be the engine 
driving evolution forward. 


T HE subject is being discussed this 
week ai the annual meeting of the 
American Society of Clinical Oncolo- 
gy, being held in Dallas, and is the 
topic of an increasing number of scientific 
articles. 

The classic method? for studying cancer risks 
have been very frustrating, said Dr. Frederica 
Perera. a leader in bio marker research at Co- 
lumbia University’s School of Public Health in 
New York Cilv. 


mms 

'epKP 


rate in sperm cells is six times greater than it is 
in eggs. That discrepancy only widens with age. 
The older a man i?. the more time? his progeni- 
tor sperm cells hare divided. 

At 13. when a bov typically begins making 
sperm, his sex cells have divided about 36 limes, 
and they divide about 23 times a year there- 
after. By age 20. the cell? have replicated about 
200 times: by 30. about 4_’u times; and by 45. 
about 770 times. 

Statistical evidence supports the premise that 
an older father i.s hkciier to sire a child with a 
birth defect than is a younger man. Dr. Crow 
stud. 

On average, fathers of ehiiJren who have a 
new dominant genetic disorder — a disease 
caused by a single genetic defect not known to 
run in ine family — are six years older than 
fathers of children without an Liinev. 


Epidemiologists, who study large populations 
of people over time, have made great strides in 
linking cancer to chemicals, she said, although 
since ihe deaths usually occur decades later, long 
after exposure to the chemicals took place, mak- 
ing '.he connections is often problematic. 

With Lhe tools of molecular biology, howev- 
er. Dr. Perera said: “We can get inside the black 
box everyone talks about. We can get some 
fingerprints on environmental carcinogens and 
look for their targets inside cells." 

Molecular toxicologists and molecular epide- 
miologists are looking" for physical signs of dam- 
age in human cells. Some, called adducts, are 
chemical? bound up with DNA or proteins. 
Others are gene and chromosome mutations, 
alterations in DNA repair enzymes, various 
forms of enzymes for metabolizing foreign chem- 
icals and levels of nutrients in the bkx<dsiream. 

Adducts are formed when chemicals stick to 
DNA. Dr. Perera said. Unless the damage is 
repaired before the cell divides, mutations can 
occur that may lead to cancer. Sometimes the 
adduct may attach itself to a length of junk 
DNA. where it doo the body no harm. At other 
times, with the luck of a crap shoot- it may 
damage DNA that controls cell division. 


in Poland have more adducts and chromosome 
aberrations than people living in the cleaner air 
of a Polish village. 

And women exposed to polyaromatic hydro- 
carbons from the burning of fossil fuels and 
other industrial sources have varying levels of 
adducts in their breast tissue, depending on 
their geneuc makeup. Such findings may help 
determine why one woman gets breast cancer 
and her next-door neighbor does not. 

Work is continuing to see whether bio- 
markers like these can predict who will get 
cancer. Dr. Perera said. Researchers are looking 
for such adducts in blood samples stored IB 
and 15 years ago, she said to see whether they 
foretell disease in given individuals. 


aberration.” Dr. Kirsch saki, 




A NOTHER kind of physical damage 
to cells that can lead to cancer is a set 
of mutations in an important gene 
known as p53. The gene's normal 
function is to suppress cancerous changes in the 
cel), and these are very prone 10 develop when 
the gene is inactivated by mutations. 

Recent studies have shown that several envi- 
ronmental carcinogens cause mutations at 
characteristic sites on the p53 gene. In other 
words the site of the mutation on a person's p53 
gene will indicate whether it was induced by 
ultraviolet light, afiatoitin from peanut mold or 
cigarettes. 

Dr. flan Kinch of the National Cancer Insti- 
tute in Beihesda. Maryland, is studying another 
type of biomarker invoking lhe inherent insta- 
bility of human DNA. DNA tends to jump 
about and recombine in ways that drive evolu- 
tion. Dr. Kirsch said, but such recombinations 
can also cause cancer. 

The marker is an inverted DNA sequence 
that is found in one of every 5.000 to 50,000 
white blood cells, in the human body. Located 
on chromosome 7. it is an '■ innocent genetic 


DR their part, older mothers still have 


d heightened risk of conceiving banics 
with other sorts of birth defects — 
SS ones associated not with point muta- 
tions. but with a mistaken replication of an 


Adducts are often found in people exposed to 
pollution. Dr. Perera said. For example, foundry 
workers have vaiying levels of a chemical, po- 
lyaromatic hydrocarbon, bound to their DN.A 
depending on their exposure to the chemical and 
Lheir tnna'ie ability to detoxify chemicals. 

People living in the polluted air of a large city 


which the chromosome 7 abercafeq.it, Igpr;'-. ;- 
times higher than normal. Dr 
Sevelop leukemia or lymphq^;l W . 

often than people with toe innoceni^k^t^^'^f-- 
With this due in mind. Dr; ; ; 

the chromosome 7 marker in ; 

to pesticides. He said diemkals.cmtltfiii^nS?^ . 
a person’s baseline level of genetic. tnsta^Q^r' : . { 
making DNA alterations more 
any given lime. ' ' 

A third type of marker cocaas^. jwa^Bics rV . _ 
found in the liver and other tiss^Tltefe^OT.';- ::' " 
body has evolved families of enzynvs fijr'HW^ 1 . ' v 
uLbring chemicals — the natural caronq§3S^n:>‘>" 
food as well as drugs and industrial coa^qundsy ;/ 
When a chemical comes into contact^^k' “ -~ 
cell membrane, it is met by enzymes thatS^e^ . " , > 
the chemical more or less water soluUfc B'jfl ,-" ; ‘ _ 
the chemical is thus transformed, it is^so^sef^ - . ' 
completely from the body. Sometimes, 
er. a chemical can be altered into a-iorirahaEr ' - 


iraer-S 

j-<— s- 
fc-art-' 5--’ 


makes it prone to binding with DNA'^^m|; i ‘ ■ ‘ “• 
tein, raising the risk of cancer.- ' • ‘ ^ - ' 

There are wide genetic variotions ift Tfee : > 

enzyme systems, said Dr. William Evans^itef '^'- 


enzyme systems, said Dr. William Evam^fes^.- 
macolog^ at St. Jude ChfldrTO's Hospailaffe' ; 
University of Tennessee in Memphis; - 

people an enzyme may be veiy slow - : 

can be easily poisoned by the drags or chiicals 
detoxified by that enzyme. Others maymfeflla:' 
fast-acting form of the enzyme, he sakL:Th«ff^ 
bodies deactivate the drugs or chemicals fensBed. 
by that enzyme with lightning speed.- • 

"We have observed 1 0-to 1 OWolddiffaKocer 
in enzyme activity." Dr. Evans said. : . 

Enzyme activity often declines with age, -help- 
ing to explain why cancer tends to be a disease of 
old age. And enzyme activity varies bebreea 
ethnic and racial groups, he sold, providing dues 
about different cancer rates among raoes. " \ 


entire chromosome. The most famous example 
of this sort of mishap is the triplicate copy of 
chromosome 21 that causes Down's syndrome. 

Dr. Crow points out that such large-scale 
chromosomal defects can easily he detected in 
prenatal test?, while most of the small genetic 
errors remain undiagnosed unui birth. "I think 
we could eliminate quite a bit of human muta- 
tion if males either reproduced at a young age. 
or stored their youthful sperm on nitrogen for 
use later in life.” he >aid. 

But other scientists insisted that older fathers 
have certain advantages over their young coun- 
terparts. By remaining alive and robust, an 
older man has proved his overall genetic hardi- 
ness. And molecular arguments aside, gen'd 
fathering skills, like cheese, wine and redwood 
trees, very likely improve with age. 


Weighing Risks of Chemotherapy 


By Gina Kolata 

.Vfir York Times Seme 


EW YORK — For years, 
many cancer experts 
have strongly felt that 
the more chemotherapy 
they can give a patient, the better 
will be the chances for controlling 
the cancer. 

Although the side effects are 
greater with higher doses, these pa- 
tients and dec tors have fell that the 
nausea and the risks of infection are 
worthwhile in com bating die cancer. 


But now. in a clinical trial that 
was the first true test of this hy- 
pothesis. researchers found that in 
women with breast cancer a double 
dose of chemotherapy was no more 
effective than n standard dose. 

The study, reported at a meeting 
in Dallas of the American Society of 
Clinical Oncologists, involved 1300 
women with advanced breast cancer 
who were randomly assigned to one 
of three chemotherapy regimens. 

The three treatments gave stan- 
dard. higher and double doses of 
cyclophosphamide, combined in 
each case with the standard dose of 


adriamycin. High doses of adria- 
mycin axe dangerous because they 
can damage the heart. 

Dr. Lawrence Wickerham, a 
breast cancer specialist at the Uni- 
versity of Pittsburgh who directed 
the study, reported that survival 
was the same in all three groups. 

The higher doses of cyclophos- 
phamide caused more nausea and 
vomiting and lower white blood 
cell counts, weakening the body's 
immune systems and increasing ihe 
chances of infection. 


phone interview that the rainllsdkl 
not mean that chemotherapy in 
general did not help women Hke' 
those in bis study, whose hreasi 
cancer had spread to "the lymph 
nodes under their arms. . 

Dr. Joseph Bafles, a cancer re- 
searcher at the Univasityot Texas 
Health Science Center in San Anu^ . 
nio and thechairmaiLQCtfie cfiiucaf 
practices committee of tbe Aroari- 
can Society of Clinical Oncokrasts. 


ft;.;;. . 


t.7; - '1 

aefci'l- “- 


Dr. Wickerham stressed in a lele^ 


said that although the newftndmgs 
"raise the questionof whether more 
is better, I don't think this doses 
the question." 


an;r- ” 


IN BRIEF 


U.S. Testing 3 Allergy Drugs 

WASHINGTON ( LAT) — Tests by Canadi- 
an researchers showing lhai three common al- 
lergy drugs promote cancers in laboratory mice 
has prompted the U. S. Food and Drug Admin- 
istration to begin its own investigation of the 
prescription antihistamine?. 

Neither the researchers nor the FDA advised 
consumers to stop taking the drugs although 
they cautioned against long-term use. The FDA 
noted that no clinical studies to determine the 
effect on humans had yet been conducted and 
that wily certain antihistamines were implicat- 
ed in the Canadian study. The principal Cana- 
dian researcher. Dr. D ime J. Brando, said that 
so far. benefits of antihistamines appear to 
outweigh the risks. 


In the study published in the Journal or the 
U.S. National Cancer institute. Dr. Brandos 
and his research team at the Manitoba Institute 
or Cell Biology in Winnipeg injected mice with a 
skin cancer and a cancer of the connective tissue, 
known respectively as melanoma and fibrosarco- 
ma. In three different groups of mice, the tumors 
grew faster and larger after the rodents were 
injected with one of three antihistamines: lorata- 
dine, astemizole and hydroxyzine, all of which 
are prescription drags. 


urinary control and the ability to have sex. a 
study concludes. ••’ r: 7 •• 


Prostate Surgery Effects 

DALLAS f AP) — Men who have their pros- 
tate gland removed because of earlv signs of 
cancer ran a higher than expected risk of losing 


The study, conducted al Harvard -affiliated 
hospitals, found that the side effects of this 
common operation are much more frequent 
than surgeons usually acknowledge- The report 
is the latest contribution to the controversy 
over how — and even whether — - "prostate 
cancer should be diagnosed and treated An. 
estimated 200,000 cases. 80 percent of them at 
early stages, will be diagnosed this yedr in the ’ 
United States. 


The study was directed by Dr. Janie TakdU 
of Dana- Far ber Cancer Crater in Boston. He 
presented his findings at a meeting -of the 
American Society of Clinical Oncology. 



glNG qjnje: fore igjn cou.ntry 

A IS o r H E K I S N O 


Whether y.xi're inin-: n re:vh another ct.tinir. nvepeus. nr all tad in the U.S.. Sprint Expose can help. Just dial the access o.xle uf the ownm you're fit in reach an EiHlUhspcalin! Soiint iuvrura Yvi .Lwi't he aSorint 1 

cuMunia. All >„ii neet! us .1 US. local calline curd .< Widdlniveler P WCARD™ If you're calling the U.S., rou cun ewn cull otkcl. Bui next nine you call, aw Sprini Cypress. I, m«fidk tafcS. 


H E s h S I M PI. E AC .G E. S:S 



Aracrii-an Saoxu bi.X-HHNI 

AlUl;.'i|.i =11 

AfyclHin.i Ilf: 

Aasinfij INM-xsI-lHJ 

XaMralii m:i i-ssi-m. 

- XaMria »22- < Ht3-4lt4 

Bahamih |JBW-3J»-2in 

^.Barindw IJHUn«M 

-Bdrinm ICMUIDU 

Cdi/,- «i' 1 1 1 1 -J 

B-ili‘.i;i UMJn-.Y'.v 

Broil IKHI-N»Ih 

^-BrilWi \ iryn Id. 

(.HDWalWmom Pmlii.XIUlMV 
TiroKoda hoFut 221 HJ 
-Canada fJflHWfT-SHItl 


CluU- 
y -«rinn4 
( iWijmbi'a-fjiulisfi 
t ofeunlM-S pjntrii 
T< ■«!jKk;j 

*>' \pru- 
* Czech RcpuMic 
+Denmaii 


mi#ii.x[7 
ins 1 A 
mfioofw 
nmuLVIllB 

I'. 1 . 

tWI.'HHI.lIl 

MNIMB77 


Alkmairim HtpuMc l-JMHI-75 17H77 


ow-.YvJ 

IKHI-N»lh 


FouiJ-t 
+ nvali;i.l,r 

+ Finland 
+ Innce 

•(■crtnaiu 

A (mvee 

Alli'Riliirjv 
i Hons hong 


U 

1'»l 

mmuluM 

mmi 

IILVWB13 

(WUKIMU 


t!I‘! MNi I2I3HHJ 
HWMIP? 


zlHnng hno* 
+ /Ilmgan 
+ India 
hulixuau 
+ Itvland 
+ lvad 
+ liali 
+ Jjp.ro 
+J.ip.in 

/kemj 

♦ ♦kwea 
t hint] 
tKnrea 
+ Kona 
Kawait 

+ Ijeducrtslcin 

/Ubunia 

Lnembunv 


mi 

nn#A0tMH-JT7 

fltW-07 

IW-SOHs 

l-MM.x 5 . 2 nH 

I77.M2.27r 

I72-B77 

nuTt-DI 

miwifss-.sr? 

■R4HI-I2 

IWM6 

sauuB 

xSo-fosi: 

iKi 39.11 

SM-777 

RW7T 

MVP 

umumiil? 


•a Macit>> 

+ IVtalasda 
Wi'ucn 
tHomto 
^M cthcdamh 


IWUH2I 

MM-IMIIb 

WMIK7 

M«nSMW 


FNi-ihuHjihh Xniillcv Ul| Wn 74?-l 
New ZeoLind (Wp-w 
Nion-aa 92-161 

^Nkantsal^fawpnl 161 


11 . uxc spnnt tspre 

- Futand 
i-IXirtunal 
'-Puerto Rksi 
f CiKumjob 
^riKiiuia 
+ KuvsialMinctmi 

* Saipan 


unu-MUMfi 

B5M7-Hi77 

]-mR77ai«M 

Of-MUMHn 

K-W>15>MU 

I5.vbll3 

as-nju 


+ 1 i’l innn and Kma HIvftU3 


f-Nnrwj 

Pdn.imj 

AO 

i’orjewiy 
/l\-m . 

PtB&ppuei 
\ETPIvtalinmt 
/ Ptrifippincs 
(fW.4Hn| 
lYSppwcs irtnii 


B9U2JR7 

lh 

iMK-i2-.mil 

hh> 

IBMI 


+ San Marino 

Si'k!i Xnbi.i 
t- nc 

/ -r-Suuih Vlrira 
Spain 

■ISt. Lucia 

'Sweden 

+ Suiocrtmil 

litwaii 

•Cfh.iil.m.! 


n:-wr 

INHI-l? 

NHM-r'-fT 

ll-fllNM-lNMIt 

■x'H.-'i'fitnu 

uc 

I12I1-TW-0I1 
IS5-V 777 
iv«u-um»77 

idil.'hM-lt.j.;- 


0 Triniiksl & Tnbjgo 23 . 
i-TurteA W800-Wf77 

+ tailed \nh Ensrate 88&431 - 
Faked kingdom ta U (1500-8 l M^77 
Lnited kra^don -an 
Al'nhed hinedom 

-u&a. 

-US. YER9n bland? immm 
oowr? . 

T Vatican City 173-87? 

S’^wfu-.+j-Etiglish MMH 1 1 Ml 
\ ene/ucla-S'panLdi . iHJfr I If W_ 




S'- ^ iz: 


^ Sprint 

Be there hew: 




.tufir.-o C6V.fr/ ra'i-IN* - .-•»«» WWW — — — - -- . -.r r -„.. A:r ,. - 3 ,, 

.'.’.•jrir, in .-.n.rstr. . ^nn»i .n.v,ia?r.- _FC riV-RD hAnu uiK Uw '"itotJ C.Vlimi ,+i| tunArx J PM Un-v-m 4«RMcaMn numh.-rl i Jntul CaUA| nfoi and-, to< a-cond *■*» - ►’nrw r--y»v^ nuy ,co>..- ^_ v i u .~j .• k ^ „ "G. ‘ 

*tl&t tr^ m hi u*w<.:- • s«xtirxi ir-JirM'-u: ur-vi v iJ\ Xacrf co-- ,iV « Irj w’Iikl- ' Fi>KAH0 tsUina &iih u f, s^rtioviticfl nnlv • in r jm«' jran ai me **-.b *»cra».f li. con • - v i^. . ‘ 

r 1 !-^ ivt'iuT.'PilV.i rh «•!, L.libhk- hmdiMlr.'lM nfli^. BAu.uLlhlt frufll viirfThHAid'jIuM.Vd. 1 .1 li I iflili1i0Jnr.irfl.il- v. J.V I- H 


»:bi-jct toiP.jKK cur- m oie^vruy siwvirn.n .vhidhiLii pirtwr^cau 'ioirt Acci^ k > Nums-i noMim k.vtr. m rj : T-a r i»‘ - * 


WoridtofmM 


-■6 i «ii k- ie-— i i ii" 


4,,ii}fili InffniJeAtiErtDfHiV. »A.,uUTiu i ii.v.ii lifli|>]i04nr.'m.ii.^r< ■ 


.'V 






« II 


INTERS ATI ON A L HERALD TRIBUNE, THURSDAY. MAY 19, 1994 


.:'vJ 




fechnology Shares 


Dow Jones Averages 


EUROPEAN FUTURES 




WHmfmmm 


Open Hi«i Lorn Lass Chx. Metals 

Inriu-, I73TW 3?4I U T700.Ni Jr32.ll* ‘l?-® ri«u 

Tran.- I503.« 1595.24 ianS BM AW 

L'lil ,^‘ is ,iS?T «!*£m . liBJ ALUMINUM [Hllh Crad*) 

&m? ljw.ii I29«X4 irwJ' ■ 5, ~ 3S Dollars per meiric ion 


Da‘ly closing ol the • 

Oo.w Jones industrial average 

m 


BM AM SlT Tb* HU . LOW a*» CMW 

luSh Grade? B " FT3E 1“ (LIFFE) 

OS per tMhgr point 

uSoB 135MD 1WJ* J160X 3110.0 -1*0 

J&SO UW» >375X0 » J>71D 31240 313U - 3j 

sa» ,H * n erw *’ ^ ^33* 


Stock indexes 

High LOW awe Onflow 


implied M Our Staff Fnm Dispauhi'i old rose I '<* lO 46 1 ’* and MlOTuxifl 


NEW YORK — Slocks rose rose 2 7/16 lo I - 16. 
edn&day as rallies by lechnolofiv Analysis were- a loss so explain 


d bank issues offset weak oil the Nasdaq's marked ouiperfor- 
ares and concern that a fallinu manor pf tlie Dow. 


Mori 


w .... . 

Bloomberg Bvsmea News ■ *?v >VVl\jVp 

. asaactsawisafisa *L ■ NEWY l )l ^^'fSS^ G 3iS. c ^^«^^£^ 

Standard & Poor's Indeaes g^'^Sga gK SB SK-STSSSSS" M » reveoue fa™ 


r»ml UTJQ 132840 1J7J.00 1375X0 Sep 
COPPER CATHODES IHfen Grade) ok 

Dollars per mettle ion E ' 


liar would prompt the Federal A 
"serve Board to raise interest rates. rose . 
“The focus is back on the fundi- **■> 3. 
"■nulls of the economy .” said , 
me? Sollowav. director of re- ■'V 


U.S. Stocks 


a neirch at Argus Research C.»rp 


Among bank.,. NationsBank 

rose l to 55' :. Chemical gained F<- 
lo yjh and Wells Fargo rose I p to 
J4SV 

AT&T rose I’i lo 55 ' j while 
Philip Morris jdded Jt-i to 53 
Early in the day. U.S. govern- 
ment bonds dropped for the lir*l 
time m nearlv a wee» us a falling 


industrial: 
Tronw. 
Utilities 
Fmoncs 
SF S0C 
SP 100 


H<gn Low Close Oise Dotiortper metric ion 
ST9.SJ S22J6 S28.W +136 Scot 477J0 

M4I8 JJ* 2 S 33183 +9J8 Forward 6*5.90 

!£S*3 l5!.ol 155.+S -552 NICKEL 

j5-i 3 -U6S JS.34 + 0-** Dollars per metric ton 
454 45 ^3 s: 4510* tsi: 3ml 623JX0 4 

416.46 431 JB +146 Forward 6340.00 & 


tmeion Sources. M*W, AsseetateO Press, 

477 JO 47fL50 494JD 4»» London inn Financial Futures Exchange. 

4*5.00 406JO J12X0 51150 /nf7 PutnUmim Exchange. 


Hanidng and fixed-income business fell 


NYSE indexes 


Soot 6231X0 636000 (X4SX0 6455.00 

Forward 6340.00 6150.00 6530.00 454000 ■■ ■ ■ ■ 

tin Dividends 

Dollars per mettle toil wwwm ww 

5D01 559000 540000 £2100 £35X0 

Forward 5671100 508000 579000 SWCJW f 

aiMr* ie_4.i Uhh flrnrlpl Wmipanr 


ZINC (Spedal High Grade) 
Dollars per metric ton 


JSh A' S5M ended April 

condiuons in both the foreign exchange ™£ Exnrasw^^mdHnmzis^^ 

pet Amt pay roc martets contributed to an overaD decline in cbentachvrty du^g m uj 
irregular ^ ^rst quarter of 1W4, particularly in Apg.* 


HlOh LOW L««4 Oip. 


Forword %jo TO3o iqSjo ltc^ G*pwodiFiAw - ^ |-i5 m Mogan’s financial year endsin January, unlike most - 


Com&Milc 

irnjijslrkil: 

Trnrai. 

Ulilitv 

Rmxi« 


750 96 748.13 2M.73 2.60 

mw 305« 400 33 14 1 

343T3 236.83 343.48 +4AS 


Financial 


add'The Dow Jones industrial jver- dollar aroused concern that over- 
islaic dosed at 3.720.61. up I2.2H seas investors \v»uld steer dear ot 


B'ints from Tuesday. Gums in US. securities, analysts said. I 1 
profilip Morris and AT&T were tem- The dollar'' inability to rally af- ! 


N D J F M A M 
1993 1S94 


Corred by losses in oil mnipanies. Ler the Fed raised interest rales | - — 

— liich fell amid omeem abnut re- Tuesday and Germany’s Bundcv jMVSE Most AcUves 

Liing and marketing prnfi; nur- bank cut rate:. Wednesday made j — — L0Vk ^ 

sian v. Oievron fell l-'j to Xh- 1 - jnd traders and investor.' anxious. v.. 4 «i-. u>, » 


iuuun«asoi. > uioi i. -j ihmk people are surprised, j n-'; 

■oOn the Big Board, gamer- led said David Kinney, who runs S75U |*w 

axers by about a 3 to 2 raim. \<»l- ni ill ton in i'i\ed- income inve*i- 1 ciworp £.;«• ij:- 


thuCvi.n was off '* al 6 1 3 1 . 
pro On the Big Board, gainer- led 
erasers by about a 3 to 2 raim. \ . li- 
ne war ejk ulaied at 337. w> nul- 
fro?n shares, up from 3! I. It million 
thm Tuesday. 

a b>: Meanwhile, the Nasdaq Coni- 


- TclAVl-i 
z..A - - lEJ-\ 


VM. 

High 

Loss 

Las 


ii' > 

S'- 

56' . 



NV. 



"ii ' 

23 l . 




S3to 




I? 1 • 



mff 4 'A 




; i" . 



3U.«9 

4"‘n 

toi 1 1 


>it0* 

-:V 0 




J 1 j 


fi 1 J 









JW05 

5*-. 



?32U 

35-, 

w 







NASDAQ Indexes 


Htoh 

Law 

LOS1 

Chg. 



715.56 

722.21 

• 10.69 


742.95 

734,73 





707.44 




ms 

889.0- 




914.03 

911.15 



Tr'Snsu 

TO? J3 






High 

LOW 

Close 

Change 

3-MONTH STERLING t LIFFE! 
tsoaxM- orsoi 100 Rd 




*X65 

*4X7 

— ttfli 

Scp 


7X28 



Dec 

94J0 

93JT 

*1*0 

— 0X6 



*342 

*3.44 

— 0.06 



72.72 

02.04 

— OJD 




*2.«6 

— 0.03 

Dec 

*2.13 

91. *8 

*104 

— 0X1 

Mar 

91.71 

01X5 

91.73 

+ DJW 



*1.4? 

*1.4* 

+ 0X1 

S#p 

91 11 

*125 

*122 

+ 0.00 


91.19 

*1X7 

*1.14 

+ 0X5 

Mar 

*1 05 





- "1 m JA which" opeme on esdendar years. That nwaas inv«tasrju*^tos;^- ; 

_ CMn9e JSSSSK* adr : £ walch Mean’s resulu for hxh«tion£ of the 

.nut Change during April -■ 

f Moreau’s decline is an indication of bleaker profits 

94j3 —006 i Arocrux ctiuioM 3 nr z auk uni. i which earned a record S8^ billion in 1993 as interest r^es. - 

S'.” —m£ I H^tSwrwiit lor^ai fli'rinssosA b & c | lowest levels in a generation. Ea rni ngs are falling this yetebeeayse osjjfevr-.-. 
— — - - rates have disrupted stock, bond and commcxhty noreets^Krpai^d-:/- 

imderwriting to plunge. " 


stock split 


Ell. volume- 87.706. Ooen ini.- 501656. 


BNF Soncom 
Bedfanl Props 
Harris Sleds 


AMEX Stock Index 


Jun 

*5-21 

9S.1T 

9520 

+ 0.10 

5ep 

*X«5 

04J7 

*4X3 

4 019 

Dk 

*4 15 

*4 IS 

*XI3 

+ 0.19 

Mr 

*3.*5 

*3.75 

*3.*3 

+ 020 

Jnn 

N.T. 

N.T. 

*3X5 

+ 0.1* 

Sra 

NT. 

NT. 

*143 

+ 0.16 


G JO 5-31 6-15 

O J0 6-1 7-1 

O .17 6-1 6-11 

G M 7-15 MJ 

Jk> 6-15 6-29 

O .It) 5-31 6-15 

Q .16 6-20 7-1 


Sales Slump Widens Woolwirth Loss; 


NEW YORK (Combined Dispatches) Wocdworth^Cb®; 
Wednesday its net loss widened to $38 million from S24pnllipQVni:.t^r; rl 


Eli. volume. IJK5. Ooen ml.- 11X260 

High LOW Lntf Chg. 3-MONTH EUROMARKS (LIFFE) 

DM1 million - Bis of 186 PCI 

S24.9I 431.96 434.90 -197 j un *5.10 95JXI 9SJM 


Pollers Svgs&Ln 


.12 sr-n 68 repositioning 


.10 6-1 6-15 


* 'f? _ UUO.(lim t»V li'tiu iiuir.vu I 

tenr of semiconducmr production Rik ; n ; ,. omnil)dlIl pnC es. eon- i 

waiuipmeni maker Applied >laieri- Sl jepcd an indioiti-r of inflation, j NASDAQ fHest Actives 
haA helpcL, pu'i. 4emu.i , nauei.-.r are helping if- drive bond-, down. | M. oh low l«ki c 


434.91 431.9* 434.90 ■ 3.97 Jun 

Sep 
Dec 
Mcn- 
Jun 

r. 0..4 AuniPMaa Sep 


994M — (Ml 

9i2e — din 
9521 + HOI 


supekb higher. The company rose lraders h ^ij 
fe to 4? 1 «. white .'hares for Intel 
brumbed 1 1 16 15 16. M-.-tor- 

ye» 

dei-w. Ti o 


on 



UaL 

High 

Lour 

Lnsl 


■»59e 


;•?» . 

.’3 r 


3«a36 

5 *' , 

57- .- 

S5*v.» 

w- trill i 

34343 

31 




3C03, 

C 1 : 

94 to 

7»’. 

ApWMt 5 

7*5*5 

4S 

42’, 




'3’r 



THlCmA 

i’TJ 8 

2& 1 '- 

19 «« 



270.-W 

S’ 

i? 



73 63 8 

16', 




?1K13 

30'. 




21718 

7?i : 


27 

toiuftNl s 

211*0 

a 

4J 1 » 

•lo’i 


21 119 

37': 

j5 j i 



708*6 

S4to 

ST. 

54 

Air*gtFn 

rpTtr 

46 1 - 




Dow Jones Bond Averages o« 

Mar 

I Close Ch’ge 

I JSBomfc 97 jb +0.31 cm 

j IC Utilities 94. + QJi Mar 

10 I nous: r; ah 1ML24 t 027 g s 


94J9 9C90 — OOl 

W.65 -M6B + 0.01 

9AM 9 « M * 0JC 

94J32 *433 +00? 

94.14 «4 15 +0.02 

*3*9 93,99 + 002 

9302 9384 + 0JU 

9369 9369 + 002 


'•+ j NYSE Diary 

| 

,lv I , 


2- j AftjOnr&J 

1*. I C Wined 


2-6 Unchanged 
■Pi Tola! is; J’i 

riev/Higns 

Lcicv. 


lo25 1360 

68 t 843 

573 613 

2834 2816 

38 27 

SI IQfi 


Sep 9JJ2 952* *52e — am 

Dec *SJi 9S3 9521 +0-01 

Mar °SJ0 95.12 95.14 +00) 

Jun *498 9409 94.90 — OOI 

5«P 94.76 M.U *468 +0.01 

DCC 9405 9AM 9*M +002 

Mar 9405 94JJ2 *J33 +00? 

Jan 94.18 9414 94 15 +0.02 

Sen 9404 93J9 9X99 +002 

Dec 9X89 9302 9384 +004 

Mar 9X77 9169 9369 +002 

Est. volume: I62-S68. Open Int.: 119735. 
LONG GILT ILIFFE) 

mum - pis & 32mfs onoo pa 
Jun 106-10 105-20 105-34 +0-11 

5m 105-07 104-16 104-19 + 0-10 

Est. volume- 104661. Cwen Int.. 121,865. 
GERMAN GOVERNMENT BUND {LIFFE] 
DM 250690 - pK Ol 100 PCS 
Jun 9445 95.96 96.00 +0^1 

Sep 9509 95 53 *i5J + 022 

EsI. volume: 216071. Open ml.: 0 2040*1 . 


Industrials 


'“tnpilei. S iV rri-’ii L'-\ruh nc. 


“The dolljf K>.'k - like ii'.s head- AMEX Mosft AcSves 


NEW YORK — The market ing lower." said Bill Arnold, chief J 


.jxim “buv the rumor, .sell the fact" 


cialed fwign vvvhjruje irjdx nr. 


0 j*Ine-.day a.* i he dollar fell despite 
ic Federai Reserve Board's raisins: 


r ‘ inlereai rates Tuesday. 


“Unfonunatelv the rate move 


£id been talked aN>ut for such a 


currency dealei -.it Chemical Bunk, j e.pl+ 
“Market pan-ci pan l> liu- e eon- ( 
eluded that there v.nn'; be an' ■ » 

more riiic increase in me Umurti 
States in the near future. Vim Ae ' 

Other analysts agreed that the 
dollar'* failure in respond to the 


VoL High Low Lost Chp. 

88*0 W M Ut. l-~ 

8747 4*- 1. 45'. . jjuTj - j 


AMEX Diary 


6890 1-k U<- 1-. 

g;A! AS" I. 45'. . Jju' 
iiu> ie*. i7- 1 '8 

5;Dii Jt i 8‘4 l*‘ 

inei a . p. 4 

4*4i 78’ . ! r, i 2*' 


J908 5 a'. 

4437 33'+ 31' 

3561 3- -i, - ,u -i 
1191 Ml'-! 1* 


Aa.-^no-J 

C-ecJrfk'o 

Ur-chonoca 

Tuial bsueJ 
NewHighi 
New Lour. 


>.1 775 

750 J21 

704 229 

BIS 875 

15 9 

21 38 


High Law 
GASOIL (IPEl 

II J. dollars per metric 

Jun 

150.00 

I48J5 

Jul 

151.00 

14*25 

Aug 

15100 

15125 

Sep 

15x50 

15Z7S 

00 

157.00 

115.50 

Nov 

158.50 

I5TJ5 

Dec 

160 iO 

19* J0 

Jan 

160.50 

IdOXO 

Feb 

N.T. 

NT 

Mar 

N.T. 

N.T 

Aar 

N.T. 

N.T. 

May 

N.T 

N.T. 

Est. volume: 10^55 . 


ABS Indus! 

Adla Services 
Avkill Inc 
Briggs Strofton 
Coates tnc 
Ensrcrn Enterprise 
Expedllpr Wash 
Fsl CommerceCorp 

Fs] Indiana 

Fit Mktwcsl Bncp 
Frond ford Carp 
Freds inc 
GEICOCorp 
Hancock Hold 
IndecendenceBn PA 
Keilniev tnstrum 
Kerstone AmEaulN 
Kevstone AmGvSec 
Keystone AmTxFr 
Hev stone CuSI B1 
Kevstone Cast B4 
Lowvors Tllle 
Morgan BlonleyGP 
MS Bancorp 
Nil Sanitary 
Omni care Inc 
One Valiev Bncn 


JJS 6-15 7-1 

.04 5-27 6-K 
4fl 6-10 6-74 
66 S-Z7 6-30 
4)5 6-1 6-15 

JS 66 7-1 

JOS 6-1 6-15 


dosing some stores. . -. r • • 

Analysis had been expecting a profitable quarter, and WoohrorthV 
slock plunged S2 lo $15 on the news. . \ (Knight-Ridder, Bkmtterg};: 


5 m m 6-15 n£w YORK (NYD —In the fire t plan of Us lype in Ae cqiintiy. Time; 
o .» 6-2 6-u Warner Inc. revealed that it intends to use its cable-tdevision sysiemm.- - - 
o js 'm m Rochester, New York, next year to provide tetephdiK service to reader- ^ = 
a 25 tio dal and business customers in competition with the local phone company", v 


a 

2* 

6-1 

Q 

X5 

6-17 

a 

XA 

5-23 

M 

.053 

5-23 

M 

047 

5-25 

M 

X7B 

5-2S 

O 

105 

5-25 


X3 

6-1 

d 

JO 

Wffl 

a 

.08 

5-ID 

o 

M& 

5-27 

Q 

X4S 

5-31 

a 

22 

6-15 


.05 

6-3 

d 

.14 

6-1 

Q 

.14 

5-27 

□ 

.17 

6- JS 

a 

.17 

*-15 

0 

21 

6-ID 

X 

20 

5-25 


64» phone competititm, reaching a prdhninary agroonent with the Rrichesief V_- 
tS Tdephone Corp. In exchange for giving Roaiester Telephone mere freer J 
dom to retain profits ii earns from greater efficiency,; the company has 
offered a program for letting rival companies conned with its network., 
The ability of rival companies to connect with a traditional telephone - 


157.00 155.50 156.75 '56.75 +025 *<UWox omourl per ADR. 


>2 time *. that when it e- emujIU h 'Sher raio d ? d n.u node well U>r 
1 • ineLUiTenev. 


Market Sales 


NASDAQ Diary 


Foreign Exchange 


"This is a dangerous- steiuno for 
the dullur." said Hunt Tavlor. man- 


sjppened it was probably an anti- 
]imaA." Naid Jurgen Lindemann. 


ins Corp- a Shun Hills New Jer- 



Todov 

Prev. 


4:00 

cons. 

N > 5E 

337 J0 

371X16 

Ame> 

1SJ7 

19JB7 

NtKdaa 

374 43 

31816* 


r^ad of foreisn exchange trading at se - v> currenc . v *‘ rm - ^ c 

Undard Chartered in LondonT Mr. mgesi weapon . government 


Advanced 
Dediaed 
Uncnontjcd 
Total ASU-.-4 
Nl'« Mr3tli 
Ni-w LC.vs 


purcaki Furoitm-f 6 .15 6-i6-H they were using the same company. - - : 

rs nor metric ton-Wts of IMIom Roto-Rwfer Q .14 5-27 6-10 _ a O 1 XT 1 JT* i_- Tl C Jc— ‘ 

3S is! ii ill !SB£. I S til Foreign Sales Help Campbell Soap. , ; 

lSjfl 15275 15425 15425 +075 adb. ^ 525 CAMDEN, New Jersey (AP) — Campbell Soup Co. reported Wednes- 

15700 155.50 156.75 <56.75 +025 Kltwcm omounl per ADR. vram/Mv . r-« J . r T . , ■ 

i5el5a 15775 15450 153.50 uiks o-aimuoi; B^ovooie in Canadian ia«fs.- m- day that overseas results lifted tBird-qcarter earnings 13 percent despite a. 
!JSS IS^S iS-S yiFTc — im« »auori«Syi « - M l — id 4 percent drop in overall sales. ... - 

The company reported profits for the quarter ended May l of $119 
million on sales of $1.57 billion. Last year, earnings for the same quarter 
were $105 million on sales of $1.63 t^Dion. 

:rude oil (ipej — Campbell U.SLA. sales dropped 8 percent, to $913 million, and operating 

^"77 t ^2 'xTTi earnings dropped 2 percent, to $150 nrifficn. The international division 

££ !iS? um ItS gSSSAfcft » rqxated a 40 pertxntincrtase in operalixmrarnmg, butyls far the paiod 

itno isjia 164K- i(lm +oj4 iron fob. ion 2i3joo 2iiB8 fdl 2 percent, to $380 million, conjured with $390 mini on last year. . . 


NT 159.00 + 050 


BRENT CRUDE OIL (IPE) 

U J. dot lot-5 tier borrM-loK of 14M0 barrels 


Spot CommodKh 



1 

Jul 

1X14 

15.70 

16.10 

160* 

-027 

Aluminum, lb 

6012 

0L611 



Aug 

16.08 

\SJTt 

16X1 

16X4 

+ 632 

Coffee, Brat, ID 

HO. 

nx. 


Pr«v. 

Sep 

16.04 

15X7 

1604 

1603 

+ QJ6 

Copper electrolytic, lb 

1.07 

1X3 



Oct 

16X0 

15x2 

16X0 

ISlM 

+ 0J4 

Iron FOB. ton 

213X0 

211X0 

1785 

1401 

NOV 

16X3 

15x5 

16.LO 

16X0 

+ 0l37 

Load, lb 

034 

034 

1341 

1657 

Dec 

1600 

15X1 

16X0 

1600 

+ 0-15 

Sliver, troy 02 

i555 

5555 

18*0 

1941 

Jan 

N.T. 

N.T 

N.T. 

16X0 

+ 034 

Sleel (serapl. tan 

17733 

13733 

50)6 

50M 

Feb 

N.T. 

N.T. 

NT. 

16X0 

+ 034 

Tin, ID 

ISOM 

1X066 

V‘ 

47 

Mar 

15.91 

15.7E 

15.*t 

1600 

+ OJO j 

Zinc. ID 

047 

0-4537 

IK 

■ 83 

Esi. volume. 38X62 

Open mr. \ZUSP f 





Varig Pilots Offer a Rescue Deal 


vandard Churiered in London. mti >n c eM weapon i c ‘ ‘Vcrnmvm — 
: The dollar dnwd in New V..rk at h:1 ' IO defers *t‘ currenev i< -nicr- 
n5oS DeuLwhe marLv down irnm ^-si-rute policy. If ihut doe>.T > 0-S | 
i-iir. r-.« i t.. . j i r .ii wore, noihine will jl 


6720 DM Tiicsdtij. !• fell to 
•3.500 yen from 104525. to 
ranch frano from 5.‘ 7 2 < *.' jnd i« 
4085 Swiss franc.' from 1.4225. 


work, nothing will." 

But some >oid ^nv declines were 


S British Telecom Seeks Global Expansion as Competition Heats Up 


SAO PAULO (Bloomberg) — The pilots' union of the Brazilian airline 
Varig SA is offering concessions in exchange for an equity stake to try to 
save the company, a union representative said Wednesday. The union 
wants a role in Varig's talks with creditors, said Luca Bettini, a vice 
president with Chase Manhattan Corp.’s Chase Bank. The union retained 
the Chase unit as a finan cial adviser, the bank said Wednesday. The 


On Tuesday, the Fen pushed u P . " e ™ ™ 

is federal funds and discount rate J‘? r , *?- v - ^ lL-:c - s A vs 1 , ^‘ P° len 


iikelv to be radu il amid eener-U Continued from Page 9 puDing no punches in its marketing where cable has swiped “thousands “BT s market share can onlv go company plans to lay ofT 2.600 workers to save $6 million a month, 

market sentiment th.it sharp Ji'lbr AT&T’s because BT faces otmpeii- acvordingloproieci one way. and thaVs downT 'said p n - jL- 

l 1 '!^ would be quick tv niei^v o*n- uon for local service a> well .is Iona ^hing a t5U mdhon advemsmg manager Jeremy Stafford. The Mr. Heywonh of Robert Fleming TOr me iieCOHl 

fsrtSs cencd central bank intervention. distance, while AT&T. >nly has had campaign feawnng the actor Bob troops will attempt to sign up cus- Secunues. -Sir I-ain s objective is to Briggs & Stratton Corp. announced production shifts that will 

On Tuesduv the Fen pushed up ""ere not going down in a ma- to deal with long-distance cha I leng- J? vaunI range of tomers to sample, at no cosl a host moderate that loss. about 2,000 jobs out of the Milwaukee area in the next few years 


Briggs & Stratton Corp. announced production shifts that will move 
about 2,000 jobs out of the Milwaukee area in the next few years. The 


V half a percentage p-int. Fed ua! of seeing ceniral bank interven- 
iniis. which i‘ the rate bank^ u " n : M r - L'ndemann said, 
narge each other Tor overnight . Llu > d BeniiCn :. ^ ;'' S . Tre . a ‘ 
wis. m>» have a perccned target ^ ur > ^reiin\ -^id Weonoday he 


= •services. The campaign has already 0 f value-added network service. Mr. Heywonh said that BT un- company m^es small gasoline engines and auto locks. (AP) 

. raised the hackles of womens such a> call-waiting and call-for- derstands that only by giving up .|^7 - - ... , . , , 


The 5tt-vear-»ild executive vaid groups for its ponrav a I of females warding. ° significant numbers of its custv> Northrop Gruumjan Coal's chairman, Kent fvresa, said he expected 

would fight on even from to ^ -natural” talker-. * Despite these efforts, rome ob- mlrscan it "get the regulators off ^ company^ achieve ^rbhsdigit earnmgs growth for several years 


- «-vn- - J .. UIWIV WllUlto, 7VIIIL A'Lf 

keep his customers. There.' iu; What is more. BT will try to servers said Sir Iain's warrior its back. 


f 4.25 percent. The di>count rare, hoped ihe . ed 
•hich is what the Fed charge' bank' wnu ** 

•r erncrat nev I* >ans. >' v5i’ , i>.Tccnt. Jol,ar - ri 


ie n^ulator’s gaze, 
ic strategy calls for 
eaulated, high val- 


startingin 1995, from a 1994 baseline. ... (Reuters) 

Calgeue Inc. said the tLS. Food and Dn% Administration had declared 
its tomato growth enhancer safe to use. The FDA found the tomatoes 
grown from Plavr Savr were as safe as tomatoes raised by conventional 
means, the company said. (AP) 


worn.® STOCK MARKETS 


l.s. FUTURES 


5Knon Season 
Hufli Low 


Open Man Low Close C*a Op. Inf 


Season Season 
HOH Law 


Open HWi La» Oase Ov OpJnf 


■4fiK>rFi4(i,.lr(.w Mil. 18 

Close Pr«*. 


Via +5500 31 rd Pfirti 


Amsterdam 


Helsinki 


a.. 

Si' 5 64 


Season Seaaan 

Hion LW 


Open W-ari Lew- -Dw C<0 Ire 


Mo if - Tue'scoeninl 58JI11 o fl 1419 

- SUGAR-WORLD 11 fNCSE) 1 1 WOO s»i - c-m err Bx 
.324 9.15 Jl4 *4 MSB 1226 1285 1223 

1220 »450ct9£ 1113 1226 1729 1221 


95890 90400 JUTl 94 95.180 *5270 95.160 V57KI -38JW.I92 
*5270 90260 Sep 94 *4290 MJ10 MJBD «6A78 -W«33,176 


-11..; r ^ 

• . tu 

OlelC 

+n.c.‘- rr.i.-i; 

m ‘ m 


*CF Hd.a-1 , 

■i* 

47 

Efts^Gurteii 


44+t- 


111.10 100 JO 

HJhlomoln 

22* 

S5 

ihoie 

49.10 

4050 

I.O* 

IO) 

1720 

;k21S Nobel 

210 217.70 

hvrnmen* 

17.1 

IK 

XMEV 


74 


1 vt* 

1*0 



3**0 

Nokia 

438 

4JD 

ISM 

67.*0 

66 

Prtiloln 

85 

£1 

3SM 

141.20 14150 

Reoala 

1W) 

*SJiI 

sisevier 

17730 

175 

S'cc+monn 

2Ji 

735 

-o+ker 

16B0 

1690 



-.bl-Brocndes 

48 JO 

4* JO 

Previous : 1867X8 



-IBG 

313 314J0 




: *- I 
; 1 : :a> 

7.r2 I SMiaHfif. 


inica: 

^ A M2 


Sydney 


£ IS KSfcSSS™ K B«ica,re«C.el 


vit Alcaiei Alsihom 681 68* H hp 

I-ii I Am 1390 138; I n^.o 


j to* Tir** - 

f Ccn’lor 

e '» Aji CCl? i nfl B 

e.fl JJJ l 


1 Pearson 
I P SO 


-ielnefcen 

Hoooovens 
Hunler Douglas 
IHC Calond 
inter Mueller 


752T 7«J0 
7*30 7820 


1 WjytM ion 

jj Hong Kong I ’ruaeiiiiai 

30 Bs E-4SI Asia 3420 3325 . 

B? Cowav Pacitic 11.30 U SfSf'l* Co1 


no r 

JJ 5 5 >,| p 

J-S Bouvnu^ 

I waiwesi <26 425 rlriSSr 

| nthWsI water 4. >6 5JK 

•5 Cerus 

i *? iSj Cr.araeurs 

4 *. Irs Clmenis Franc 
iT; I-S: Out Med 

XBl JJIH P II. Am ilfnlrw 


Baral 

“g Bougainville 
'K* '“0 cotes M»er 

m ” gg— 

88' M5 ?sr 
■'ufii ^ Fosters Brew 
iu7n n/S Goodman Field 
.iS ICi Australia 

fJr-f Au«1 Annlr 


-75 4‘. 

« 

,2 i? A< ! . Clneole* 425 aM 

xsS 1« Camlnco 22'i 23 

”5* Cannes) E*pl 27=6 23*3 

2 4 M Denison Min B OJM OXU 

*■% Do la sco 2U„ 21 

,5-fg Drie, A 0.B3 DJ8 

’im tml EcnoBav Mines l^e u»7 

-?-{* Eauilv Sliver A 0.84 [L88 

M; I'tn Inti N-O. 320 

,1'S Fed ind A ato 7 


Grains 


'S-S 'S-i! Fletcher Chalt A 19i+ 


N.o. laO 

6to 7 


2.0! 207 
3JC 126 


6** 6’ 4 

0.46 046 


WHEAT (CSOT1 s.oouaumfcvfnun'-a*jr>pert>'.i>m 
172 100 Mai 94 122 375 322 12< .807’.' 

3J6 2.94 lulM 125' i 130 X23W 324 -002 : 

JSP* 7JH 5ep*4 XJ0 3 - 3J4>./ UPli SJB’-i-Ot!’. 

165 709 Dec *4 l®'.; 144*. 137'- 3J8'i— 0.C3 

J56'> 127 Mtv*5 144'. -7 147Vi 143 J.S3 -OOO’i 

145 XliWMav 95 US — OCT' : 

lCVi 111 Jul95 323 123 325 323 -0.01 

Es;. sales is.ooa Tue’s-sotes b.jm 
.T uesooeninl 43.041 UP ITS 
WHEAT tKBOTl 54031X1 n+m-m- sxan per bg*xl 
379 W XJH Mar 94 129 179 129 129 -0J»Vj 


9.15 JU *4 1205 1226 1205 1223 +026 52354 95.180 90J10 Dec 94 96.HU WL258 94060 MJfflJ «7ia<06S9 

9450a9£ 1118 1226 1209 1221 *020 0204 95J60 90240 Mcr9S 9X920 94030 93J50 94000 - 10264.159 

? I J Mar 95 11.77 1193 1177 1127 *0.10 19047 94730 90710Jun9S 91700 9X770 9X610 91710 H0I99J00 

IX57MOV9J 1175 1109 1175 1106 *0.15 2995 9L570 91J ID Sep 95 91410 10210 0290 91480 *60179J4B 

1027 AH 9j 1169 1179 1129 IJO »0.U 1JM 94280 91.180 Dec *5 93300 91308 91770 91740 ♦ 40 138^77 

DJ7Cyi95 ’.I U 1175 1126 JJ73 +828 » 9L220 90750 Mar 96 93230 91230 93.170 *3208 <.48130,131 

1028 Mar 96 1170 -008 39 EsI. sates MA Tue’A sates 6692S3 , .... 

Est. sales 26100 Tub's, sato 17285 Tug's men W VS2261 aft 2511 

iinll20371 Hi 2012 BRfUSH PCX7NO (CMERJ ipnrmnJ- 1 paMeancHIlMi 

!2»6 124742x194 IJSIOi 12*70 UQH . *74 4X87B 

,®»* AHW 1748 IV IH6 M5 —7 30084 ljjga 1244DS0P*4 12010 12090 12W0 1JH70 *64 2294 


■ ■■■Ol invcnti OJi'tl 0 ■ I JZT ■ I QmII-mi 

Inll Nederland 74.^0 75.70 I Gheima I'.ono 3* 75 3825 I , 


itUlA 
^NPBT 
Hedllwd 
Dee Grinlen 

Pafchoed 

Philips 

Potvgrom 

Robe ca 

Sooamco 

Rolmco 

Rarenla 

Roval Dutch 

51ork 

Unilever 


54 jo 1120 China Lighf Pwr 45 4020 f-J? Hava-, 

51 JO 5020 Dal™ Farm ini'! 12 1170 ffiSSff* J-Jj imelal 

8020 M20 Har.a Luna Dev 1320 1XOT ?■& f 1 ?? Laiarw Cw 

8020 8020 Mono 5an9 Bank 5320 5120 g"[J?J ! ari;e 1« 1*1 Lw3nd 

Si 20 50.50 Henderson Lund 4X25 41 i'v, L»ar t Fou» 

54.10 54.70 H" Air Ena 4X20 4320 Seal 45* 4 3 j Oreal (L'l 

79 B0 JO HF China Gas 1620 lt.10 “s L.V.M.H. 

W20 i:o.40 HK .Electric 2410 1320 fcB ft!-.*.. Jl! ?■?? Molra-Kocr 

co in re in VI ►. Land 714C XL50 z® 1 ■JfACOS 5 5u -*-*•' Mirfipiin fi 

ISlSlUw HK^TrusI “oSTa &»*”*' “? ^ Ma3E«. & 

« OTRri rt5,Rf. Halrilnr. AV 91 IU I Dnwhn, 


ss S'” Es&r w 'ss HwtaS** 1 *n ^ 

■S jxio 2>4o SWSSffl j 13 i™ K2B2SS - "" ,ne * !S? 


s i s°' -g-B a a a.. 

9.04. fL°0 TF’?L jssSS 2ft Nmndv Poselflon Z35 135 

i M iri LOtoW COPPW OTT 1 ill ? JQ "l««J 

IS ! ,w Leorand mJO MIO '' 4 nco 

5+S v, LvOTi Eju» 60? 5*a JS U0 Inlerprov via 

i% las *=!? WwiernMInta* 797 tm 

iS LS Matra-Hocn.lte .2 a70 . 2^*0 S 13 

§ g K* B fiS”B (Spur :nu> 

5 Im Paribas «li. to 409 90 Previous 701620 Maple Led 

, .r Pechlnev Inti 773 173 Marltl ine 

5 71 268 Psmod-Rtcorti JIO «6 Map' 

120 120 fiowpi 86.1 htb . Tokyo XZ22R*. n 

6 4 ig 1C67 AtBlElec , r 475 480 1SZSJB1Z 

529 52* ,*2 Asahi Chemical 


1»20 120 40 HK Electric ^10 ZBJ) 

5* JO 5*20 Land 2146 22.50 5“: n MS 

131 20 12a 70 HK Really Trust 33 31.20 I Scat Power 

9T *780 H5BC Hatdlnps 8720 84 I 

30620 J0720 HK Shono Mils 12.40 1120 ?Kf 1 rn Trml 

48.90 49 HK Telecomm 1520 1420 | HTCl 

1*320 194.10 HK Ferry 13.90 1L2B 


Van Ommcren 55.70 5*20 I Mulch Whamnoo 3220 30 I SSilSfifSUo* 


Brussels 


AG Fi.i 
Arbea 
Borco 
Bekaerl 
Cackertll 
Co be PO 
Delhalie 
Elect rafter 

GIB 

GBL 

Ge-«en 

Kredielnsrik 

Pelrotina 

Ptweriin 

Raraf Belae 


VNU 184 18320 Hvsan Dev 2X90 3X10 |5? !H rilim B 

Wolterst Flakier 117*0 11320 J«irdlne Malh. 60 5720 

EOE index • 41X84 Jnrt "» Sir Hia 3075 3920 

Pmloin^41Ml >'.b«roon Molcr 1520 15 30 I“!* a L,le 

rxondarin Orient 11.40 11 jo 

Miramar Hole I 2220 2<20 Thoni EMi 

New World Dew 3220 7*20 Tomkins 

SHK Prnas S3 48. '5 JSB Groua 

IS 5lelu< 325 320 HU I S? , * T . 

+7M "7V. Swire POC A 58 5620 UWB'SCUil* 

MM Tol -iheunj Prps 1120 11.10 VKlofont 

7?H SIS? TVE 230 3J7 *°r. Lt,on3,s 

B4M Whorl Hold 3120 3075 WtfgBNIt. 

iSS 100 wins On Co inil 1180 rl^xi SPSjWwd^ 


24U 32* 

123 172 


120 120 

4.05 4 

5XW 5jK 


Paaiorecnmaue W7 5« 1 


■ l*U1IIU |i»SJ M 

3*3 | Naranda inc 


151: «5V» 
17 IBXi 
32 311* 
36*9 35+. 
36l« 3 Sto 
309t> M’, 
18A. 18*-: 
21 21 
24 to 34 

»** 7+. 

60 61 
129» lJ’b 
2SVs 35 
Bto Bto 
33'9 Z3to 
S 1 '* S’? 

Z7\* 26ln 


X60 XU’S DSC 94 IJO 1419: US’- 3JA 

1S3- . 37J Mar *5 3 42 143- 1 US’ : X3*' 

3J4 3JI*:May95 3J4V 

1245 j X32 ■: Jul 95 3J8V 

Esu soles 4272 Tue’i soles 3.1*0 

Tue's open ini 21,727 all 159 

CORN ICBOD LOU av miwnum- cMan wr Btnnri 


L3Hi MOV 94 2277, 2.75'/, 126 1*6' 1 


Z79’/j 228 Vi Mar *j 7.43'T Ufi SxJVi 223to -0Q1V, 

LK 223 Mav*5 227 171 U7 16’ 4 001 898 

into 154 Jul *5 2J0 172 2.48 228 *0JJ1V. 2244 

7-W 1 -: 143 Dec 95 720 15J 149 149 rOOI'-i 1010 

EsI sales loo.noo Tue’s. lates 3X831 

Tue's Open int 263.513 rff 249 

SOYBEANS (CBOn MMfium>wTun.dDlon»luiv1 


i3o 3J3 S5FS 1 ?** ^ I Mahl Glass 


Ti] Roll. SI. Lay, 5 
2J4 2J* Hedaute (Uil 

II IU0 |«ln'G«win 

2.4? 246 8.5'fi: 


'Jr 'IS f BanK ol To*vo 

™0 

581 566 ^. n 
M7 MS +^rS: 


■'4' ” 4* 1 * C " D - 

218 IJO 5ie Generale 


335 80 3325 RE,' "!PBOnP r,, ll 


NorarWa Fares! 13'* lJi* 
i?2 Norcen Energy I5 Mi 15Mi 

lja -mi hem Telecom 43'.-? 4Ht, 
1530 Nova Coro N.O. 11 

1690 Osttawa 30Hi 20to 

PavurlnA 325 X5S 

17*5 Placer Dome 30' a 7*to 


V* ifi SSiSS S^.1.85 


!*? I Poco Peiraieum ID Vb w. 


5950 59*0 «S™. 


%r\ Total 33535 

MJl 43 0* lJ - A - P 1S4 •' ,I 

^ ^ VdlK 134: 

UT 558 CAC 40 Index . 2183J9 


1S4.90 1 5320 pS'i'annlt 
1345 1333 iSTL 


1360 136? HON Semi Indei : 947624 
6370 6370 I Previous : *044.78 


I! 70 11.40 Wllllnmi Hdai 167 J*0 Prevmos : *1*5.17 

vx , a a. j Willli Cnrroon 240 235 


GIB 1610 1610 

GBL 4445 449(1 

Ge-yaen 9*30 *950 

Kredletaank 7000 70W 

Petrol i no 1 1 coo 10875 

Poweriin J440 3+1O JOndr 

RoratBeloe 5650 56*0 t,ECi 

Sac Gen Bonaue MUl MIC 

Sac Gen Bclstaue 2700 ?ms S«iloAmer 

Soflna 15525 1S500 aorta* 

Saivav I61W 16050 

Trodebel 1042* 10700 giilleta 

UCB " ,<w 

Union Minlerp 


F T. 30 inaex : 246X40 
Previous : 7468.90 
F.T2 E. 100 Index : 31 1620 
Previous : 312321 


Johannesburg 

tECl 3620 T, 


v * ,r - '-" J — Full Photo 

CAC 40 Index . *18329 Fu Hsu 

Prevraos : *1*5.17 Hiiotdii 

iHiinchl Coble 
Hondo 
Ito VoVodo 

— ; Hocftu 

Sao PaUlO Japan Airlines 

Banco da Bra:il 3*2)1 ’5 K^n^Povier 

«« '1 RSSSUTBEm 

Braoesco 22 1*J- rirln Brewerv 


burg Madrid ,l S >»js pSPafSl 

“ri! SSS SIS S3SS»—. SSEff" 

?2S 23T Bonco Sonfonder 6?30 6J50 Fej™«ttOs .J~.0I l?0 K.vocera 


?2S 31 Bonco Santander 6?J0 6350 r v ’ r ° oro 

3720 1*20 Banestb 1125 1 170 Te'ebros 

* * CEPSA iw t?k vaie Rla 


rjoru N.O. - 

Ravroch 18’s up* 

53? Reralssance JIRi 31’Y 
tJM Rovers B n*s l«f 

Kommans BO 80to 

1000 Roval Bank Can 28 2B 
,£S Sa*»reR« O’- 13'* 

SCOttl HOSP B 8 

SSJg Seaaixnr 39’i 40Vq 

™ Sears Can 71, 

52 Shell Can 43to XJ‘-= 

^5* Sherrill Gordon liv- t|’ } 
-640 5HL Svstemhse *Hi *V> 
Souttnm IBto 18to 

'430 spar Aenasaace i+^i lev, 
2° -SieicoA 8>« 8'.- 

.SS! Talisman Enera 79 to 32 

Teck S W-s 3468 


ijl 

59J'.*.Mav74 68* 

1.12 

689 

7 06 * 0JMV| 


ijn 

5.941; Jl/I *4 

684 

7X7 

6X4 

7X3 -02199 65X99 

: 15 

638 Aug 94 680 

7X017 

180 

6.*6to -ILE 

>3538 

6J9‘i 

6.17 Sep9J 

658*1 

676'9 

65b' . 

674 ,0Jlto 

’JWi 

7J7V. 

5J5*iNov94 

640 

660 

aX 



♦JO 

613 la i*i 

648 

664'5 

648 

64K9.- *O.I9to 



6.1B Mnr« 


668 




6.70 

621 Muv95*JW 

667 ' n 

654 



eJS 

624 Jill 95 

6-58 

AM 

658 



6509: 

SJIVjNov 95 

61* 

&38 

6'* 

627*1 ♦0.11V, 

UU 


Esi.-xScs loaiwu rue's, soles 43^4? *2X0 

rue's onaiinl 1417*7 oil 13*1 9X75 

SOYBEAN MEAL ICBOTJ i»««v rnnr.iw tr 9285 

232JB IH42066m-«4 l*XSJ I9SJD 19020 19X00 > L30 80S 92*5 
73D.ua I65J0JU194 19030 196 10 19030 19X30 -U0 36.302 9X80 


COCOA 

[NCSE1 loirweteten 

- Soar Ion 





W Ail 94 





—2 360*4 

1377 

HDDSepto 

1Z74 

1310 

1265 

1281 

—5 17.717 


1041 Decto 

1310 

1342 

1300 

1315 

— 6 

BXto 

UX5 

1077 Mar 99 

1347 

1375 

1338 

1348 

-8 H2X93 

IJ» 

I07BMOV95 




1380 

-5 

4899 

1420 

1229 Jut *5 




1402 

~s 

1.795 

I35D 

1265 Sep 95 




1413 

-5 

546 

1445 

1250 Dec 75 

1465 

1480 

1465 

1455 

tl 

BT* 

1J0B 

1350 Mor *6 




1483 

tl 

3 

Ed sdes 13.984 Tue'LMte 7M> 





Tue 1 * Open Ini 84-530 

UP fl 






ORANGE JUICE INCTTO IW8RR16- cttvi 6-rij 



135X0 

*2J5Ji^94 

7115 

76« 

*190 

to 40 

tIJO 14X16 

13450 

*5X0 Sen 94 

*620 

*7X0 

9SX0 

7675 

♦ 1X5 

9,949 

13400 

9625 Nov to 

*7JS 

97 JO 

77 JS 

97 JO 

♦ 070 

1,284 

132X0 

*7 JO Jan 95 

**.« 

WAO 

98X0 

79 JD 

♦ 040 

2J0D 

12425 

** .75 Mar *5 

10075 

100.75 

10075 

10010 

*0X0 



lODJDMay *S 




102-70 

*0X0 


11*00 

105X0 jm *5 




10170 

+040 


III JD 

111 JOSeovs 







EU. sates 1X00 TWS. setes 






Tin's open int Z1X67 

aft 143 







Metals 




HI GRADE COPPER (NGMX1 




I04JM 

TMMflrW 102.50 

105J0 

1D2JS 

105.10 


1X53 

10425 

74.1 D Jun V4 







10438 

74J0JiriW 

10IJ90 

105-30 

10IJU 

10515 

1 1.10 38.791 



100-60 

103X0 

100JD 

1SL55 

♦ un 

6256 

101.90 

75. 73 Dec M 

98J0 

107X0 

9BJ0 

101X0 

r 0X5 

5X52 

*5X0 

76*0 Jan *5 




10090 

♦ 075 


WHO 

73X0 Feb 95 




100X0 

♦ 085 


IQiJfl 

73X0 Mar 95 

94X0 

79 JO 

W.J0 

99.9S 



*7 JO 

76X5 Mav 95 




97.10 

♦0« 

727 

97 JO 

7600 All 95 




9630 



103-50 

75J0AUBTS 

101.10 

101 10 

101.10 

10435 

*1.10 

479 

MXB 

79. 10 Sep 95 

9650 

*8-50 

98J0 

97,55 

• 075 



7SJ0OCJ75 




102X5 

1090 

228 


Est. sales IXA. Toe’s, sides 9266 


Esi. sales NA Tue'xsdes 35JH7 

Tue’SDpenW 1ZUB0 up 1*27 

JAPANESE YEN (CMBt) IPTVWl to to WM l i seiaiOM 

q0Q995aLa0«71>xl94 tU n*5 8SLII 0W fl3Mi n» 5 «niWW 77 +106 7 JIO 

PJ1001SU)DB«CSep** 0u0 H9M a n . nn 976nn.OO * 6600L0W7«5- tig SJI6 


020998* *98 67 

O.ODW97 —101 1*4 . 


SWISS FRANC ICMER! Ipcr InnO- 1 POWlWOh Mja 
17174 OASHiunM 07023 07110 07016 0.7183 


rue's open ird 3*^75 up 1657 


7775 Nov *5 HJ27H «085 202 

8SX0 Dec 95 7770 91 JO 97 JO *655 +075 47* 

8820 Jan 96 9625 +075 

UTOMartt 9X65 +075 

*480 Apr H 9920 +b.« 


Industrials 


.1?® ma> 11520 Auo *4 1B820 195.80 18880 19110 ,520 14^2* Es). sates )*JW0 Tile's, sales. 1X874 

ljto 13 * 31020 I B3. 1 0 Sen 94 IB7J10 19220 18720 11O.4O .5.10 8.711 Tue sawn w) 61.199 off 131 

B • 30420 I80.000CI94 IBX80 190 00 18420 18820 .520 5445 SILVER (NCMX1 UPm»u -cmn.pnrrav 


79; 71, 

43to XJ‘1 


J*I? • Esi. sales 34.000 T wry sates 15,588 

1*J, l6to Tue's open iri *4 J23 off W 
»>* s -- SOYBEAN (ML ICBOT1 amu-att. 


Currenl Shdi uwlex . 7U551 j Gencor 


Previous : 781224 


Frankfurt 


46 46 Drcoooos 

107.75 109 26 Endesa 
5120 54 Ercras 

920 I01S Iberdrola 
GFSA 103 I Oa Reosai 

Harmon f 25 2*20 Tabacalcra 

Hiohveid Steel • _2B 2* Telefonica 

Kind* 4220 44 c r newral i, 

rt Nedbanlr Grp Pt+vious ■ 333. 

R-mdtcni-in 3*.. 5 *1.,5 

^ Rirsplai 7920 86 

‘jg ‘m; ifiSiSS S ,K ^ Mil 

'j™ jn Weslern Deep .5. .«2 Bcnehon woui 

1120 483 Campoilta Inde* : 5388J* OP 

740 -m Previous : 5451.48 Cred Mai 

I »20 *35 f2M, l 3? rr ' 

ST Ferhn P.sn 

OJO M3 : 3 F ini SPA 

8 ^ 8*328 London SSh an,C0 

52152320 Abbey Nan 4 08 X0S ^ erol ‘ 

i<L|5, 0 2i* Allied Lyons 5*» 595 n alCBfn 

^SisUiS *rioWH9HK 3.90 2.J2 Itoioas 

•'F' 11 Group 321 353 Ifalmooiliarc 


JT0C 32K Vaie Rio Dace i»SD 
23*0 2380 rang 17 

67*0 4770- Bov*spo Indr* 1 7909 
i|i 139 Previous : 16483 


iros 5320 4B20 Maisu Elec Infls 1720 1710 

Rid Dace Mo Isu Elec Wkj 1180 1170 

I 170 1Tb Mlliubtshl Bk 2740 27b0 rSrSarB 


Mitsubishi Kosei 527 522 j Tronsoifo Uilf 





i As*0 

*85 

*38 

.1 BASF 

320X0330.43 1 

•! Borer 

3B1JD335W 

: Bar. hypo bant 

4S2 

451 

- Bar Vereinsbl 

461 JO 

483 

BBC 

740 

750 

. BHF Boor 

41 1J0 

435 

1 BMW 

93* JO 

*57 


362 

361 


283X0 

783 


8 *08*3 JO | 


52152350 

e Dl Babcock 

56050 


785781 JO j 


59158*30 


408-50 

403 


347 

346 

F Kruiw uoescti 

3U 

22* 



350 

Henkel 

646 

»3* 

Hadillef 

1100 

UD2 

. Hoechsl 

361.80 

359 

Halrmarm 

6*0 

895 

. Horten 

2482J7JO 

1WKA 

42030 

41* 

Kdii Sail 

149 

150 

Karstadt 

63*Jfl 

633 


39^4,1 f&SFmW' 13 ™ 

79*20 " *86 

S ,K S Milan 

■lj? N^ | Sfif"™” 

i5. .{I Bene hon orouo 


1015 993 

45*0 *605 
*300 41M 
'*25 1675 


Singapore 

Crreoos 344 

Ctt, Dev. 7.9C 

DBS :ij£ 

5720 c roser Neave I8.4Q 

1*5 Genlira l£9tl 


2*105 I Golden Hone Pi XJ4 22*1 Nissan 


Mitsubishi Elec 
Miisubism Hev 
/AllsuDishi Corn 
Mitsui and Co 
MllWlroshi 

Mitsumi 1*00 1*20 

NEC 11*0 11*0 

lie H6K Insulators 1070 HW> 

345 87<r Nieva Securllloii 12M 1260 

7.*0 X70 Nippon KoaoKu 987 9*7 

11J0 It JO Nippon Oil 

18.40 18 Niapoii Sleel 

1490 1840 HiPPOn Yusen 


AM gj. j TronsCda Pise 
Trlfon Finl A 


'J£ >122 Trimoc 


tb* Trtiec A 0J3 0J* 

231 ,25* 'Unicom Eneniv 125 N.0 

iSo 1 ™ is« SS*“^5 ,Ufl 

070 106b Previous . 


39to 

32 

3645 

71 J0 MOT 9J 

29 J3 

3660 

79.73 

10X6 

24"S 

?4'*k 

29X0 

21 J5 Jut 94 

29.76 

3056 

29X1 

30X7 

17 

17 

29.40 

71 65 Aug to 

3».48 

3034 

79.48 

3073 

21 to 

21^9 

28.95 

22X0 Sep 94 

29X5 

29.87 

79X0 

29.85 

24 

24-, 

hi ns 

22.1013d 94 

26 IE 

29 JD 

7618 

78.91 

15 'v 

IS 

77X3 

72.00 Dec *4 

21 *5 

78 JI 

77JJ 

2615 

17*o 

18‘ • 

77 to 

77X5 Jan 95 

BX0 

JB.B0 

71JO 

27.90 

4X5 

4.40 

2685 

7470Mar*5 

27 JO 

77.70 

77 JO 

Z7J5 

15 

15 

:6m 

54. 63 Mar *5 

37M 

27 JS 

77.75 

27 JO 

0-33 

0X5 . 

76« 

74XS Jul 95 

77.10 

77.15 

77.10 

77.15 


582.0 

37IXMoy 94 

544.0 

560X 

544.0 

554J 

*3J 

332 

54BX 

SI SJ Jun 94 

531 J 

531 J 

531J 

5511 

► IS 


586J 

371 X Jul *4 

5410 

6640 

5410 

SS7J 


590J 

376JSPPM 

549 j 

568 0 

549 0 

5617 

*14 

9X85 

597X 

3B0.il Doc to 

536X 

5740 

55&0 

5703 


564-8 

401.0 Jai 95 







604X 

4l6JMar 95 







USA - 5 

41 3X Mar 95 

576.0 


DU 




610X 

470.11 Jul 9S 

S78J 

SMJ 





565.0 

4910 Sep *5 

589 .U 

5B9.0 

S89X 

996J 

*JJ 



539.0 Dec 95 

605.0 

60BX 

£05.0 

MAX 

- 2J 

1X19 


Jan 96 







S9JJ 

58D0Mar9« 

6160 

6160 

6160 

6163 

*2J 



COTTON 2 (NCTN) XnObi-«Alw6 

8X0 53.30 JW 9* BOjOO B0A5 KUA HAS 31JM 

7645 5921 Od 94 7X75 7SJ0 7X75 H.10 -rfiJJ XWD 

7430 59.48 Dec *4 7360 7X00 7X50 7XM rO» IJE* 

75A5 5220 Mar 95 7X50 7X8] 7428 . TXB tMJ M55 


7020 Jut 95 7X75 75JH 7S60 +8.V2 lg 

71 80 Oct 95 7225 7X40 7X35 72A5 +0.15 25 


HEATING on INMJ2BJ OMAa 


-XU 3,970 Tue's open mi 119.947 UP 3463 

.075 1.303 PLATINUM IlWWai) «-Mnrrlnir« 

■0.7Q 709 40X00 40X00 May 94 39920 —020 


Eiri sales 37800 Tufi sates 21. HK 
Tuesooeninl 100X54 iV 10*3 


• 0.75 153 437.00 357 .00 Jul 94 3*780 40380 39780 J*9J0 -OJO 16833 jijg 


Livestock 


Zurich 


Pluvious : 5451.48 


2985 I Haw Par 


322 3X81 Nomura 5« 


76u0 Hume industries 5 sG 5js| S. 77 


London 


3705 'ncncaoe 
2^26 K epnel 
1485 r.L ‘leDono 
71*0 Lum Cftano 


5.45 5 {5 OH mpus Optical 
11A) 1140 S l .°"2 rf 
3U3 X9D g'«h 
127 12* Sanyo Elec 


270 22*0 Oba Geluv B 
8890a CS Ho Ml nos B 
1088 Eletlrow B 
2TAQ P teener B 


2210 I /Aola- on Bant,u e as 8 B0 1 


*-?? Hlonlefllson 
Ollverti 
Pirelli 


■ n 

;i . «rtK 

3' yw* 

'VI '-' l? 

■f bMSiii 
’ ‘ Jurfein 
- stsarr 


Koufttof 53120 231 HP 

KHD 1S2JHIR20 ant Airways 

Kloeck ner vverke 172 171 KIgos^ 
Unde *<3 *26 sris^t 

Luimonw 1*1 l«CJ5 Sr i Telecom 

MAN 46520 465.80 hTP. 

Wsriftnmonn 472*7720 Cabtr win 

Melollgnell J6’27*20 cSd»ir» SCB 

Muencti HuecK 3195 JJW caradon 
Parscne 845 8S7 c«t5 vivetra 

PWA 1400 2? tjS Union 

RWE 48047820 iccoJw 


Unde 

Lulthonsd 

MAN 

Mannnmann 

Maiollgncfl 


i A J J Ja | p A j 

<■?* Pina scenic 

424 425 Saiaem 

12'. i"S? San Pooio Tanno 

3.04 19J 5i p 

q iU i« e 

j.is xcj izr 

Tern Assi Risn 

143 t« 3 ,B lm ‘ eJ, ii? 1 

1-5“ ! — Pmirur. • 


43J5C OCBC 

anso oub 

16100 UUE 

5740 5*mbCW3i--> 

51200 ShanarHc 

18056 Sime OaHr. 

1532 SI A 
3010 5 pare Lane 
5675 S svr Press 
32350 Sing Steamship 


J1.90 11.70 Shlmcrau 
7 Jo j 25 5hlnelSiu Chem 
£20 £ 40 Sony 
13x0 13*0 Sumllomn Bl 


525 520 Jelmoll B 

1700 1690 Landis Grr R 

685 683 Moevenptck B 

20*0 “SOW Nestle R 

5*40 6000. Oerilk Buehrte . 

2200 2250 Porgesa Hid B 


5 40 5J0 Sumitomo CTiem *84 487 Rocfte Hdg PC 
3 88 X*6 Sum* Mai Ine 1000 1000 SatfO H+pufalie 


10B90 S'oore Tewcomm ii* jj* TOjr 

4400 51 rails Trading X67 3X2 Tflihn 

11050 UG0 ia*ri it kn Tokra Marine 

4610 UOL J.l, 2.D9 Tokyo Elec Pi 

«40 Straits Times uxl : 23X116 
2685 Previous ; 230X49 i5*?. , L ,na 

3*000 TosAinq 

5860 Tuvalu 

33450 Tomaicnt Sec 

a: , IDA 


7E5 7*0 Sumnama Melol 288 2*1 SandO* B _ 

7 45 ;jrt loisei Cora 695 700 Schindler B 

N> r..E Tnishp Marine 940 838 Sulier PC 

19C J 90 Chem 1250 1230 SurwflllO - - 


1250 1230 Survelllmc* B 2155 212D 

4700 4740 Swiss Bnk Coro B 410 410 

515 52B Swiss Relnsur H 602 6 

1340 1350 Swissair R 7o7 766 


h 


CATTLE 

ICMER 1 ijnir.- 

C"ihDt* 







75J-* 

66X3 Junto 

0+45 

64X5 

*SJ7 





73J-' 

A6J»Aub94 

66 10 

66.10 

6SJ7 

65J7 

—IJO 19X51 

6 SI 


71 10 

68X5 Od 94 

6695 

*6*5 

6TB 



1208 


74 JO 

70 15 Dec *J 

*135 

70J5 

69 IT 







9080 Feb *5 

nj7 

7IJ7 

TO0T 



44S5 


615 

75J0 

72.07 Aw 9J 

7155 

77 J5 

T1XS 

7145 






6* 70 Jun V5 

70.10 

7010 

68 90 






E»L sale: 

12.7*3 Twri. sates 1JJ29 







UO 1 <U4 






830 

FEEDER CATTLE ICMER) 

UUflD t.ri - croT% 






RJXO 

75X7Mavto 


r*B5 

73 JO 





420 : 


76ISAug 94 

7SJ0 

75JO 

74-7? 




1142 

1115 

ii.ro 

7635 Sea 94 

75J0 

7549 

74 92 

16*2 

-1 50 



152 ■ 


76 40 Od 94 

74.90 

T5J5 

7-190 





1660: 


77J0NOT to 

IaW 

76.W 

7675 


-1J0 



671S ' 


76J7Jan*6 

1650 

26J0 

75J0 





132 . 


JLKU^IA 

7100 

7610 

74.40 





— 


*6 JO Aar 96 

TV 07 

75.70 

7+30 




8575 

86 


1X35 Tue's. Kfln 

:xn 







Tue-superifil 14.092 

DH 17 







435JB 368 00 CM 94 40000 40X00 400.00 4D7J0 -OJO 3,705 cim 

429-50 37X80 Jan95 402J10 40x00 40X00 40X20 —OJO Ultt 

47&0D 39000 Ad 95 40X00 40780 40500 406J0 -OJO 1J08 taja 

EN. sides NA. Tuts, sates 3J8J 
Tub's open In 21.939 oM 356 

GO LD (NCMX1 w%m Dr-dmnRttrwo*. t*uS 

392.60 178. 60 May 04 mm *040 , j™ 


5X00 41. 00 Jun 04 4685 47JS 46J0 47JO “*“5 

57 00 41.J0JU194 47X0 4X30 47JS «1 rUJ 3WJ0 

5560 070 Aug 94 48.15 «J0 4100 4X86 *072 MJ15 

57.17 4380540*4 49 JIO 4*80 *80 .4*81 *0J2 Tl.llB 

57 JO 4X900(2*4 5025 5050 SUO *71 9072 4.W 

»30 4X00 Nov *4 5tL90 51 JO 5080 5161 t« W 

K-J3 4&80OK94 51 JO SL45 5170 52*6 rBJJ T4^ 

62J5 4X25 Jan 95 SUB SZBS SIM 5101 '0^ MB 

»75 47^5 Feb 95 5775 5275 JOTS 52.91 +ft77 X«70 

57^1 4780 Mar 95 51 JS 51 JO 51 JS SJ1 r!U7- 2J» 

5580 4385 Aar 93 SX56 -077 

S»38 4780 Mov 9S *76 *077 , 

5180 4X79 Jun95 «Jt +02 !*£ 

50J6 4785 JUl 95 49JS1 *077 1^1 

« JO 4780 Aug 95 SL16 *077 563 

WTO 4X4SSCP95 SI 86 <077 1S4 

Est. sales NA Tup's, sales 2*816 

Tuo s open int 140,987 ofl 1303 


Jut *4 38X00 >050 

41580 441 50 Aug 94 JS! 10 *« ml unsn B5J0 1050 27840 


1X15 Jul 94 T7J3 1787 1741 1782 iMB 1 !??* 


HOGS ICMER] aim Hr. .frails owte 9688 

5677 45.77 Jun 94 SOJS 5010 4900 49 10 — IJ5 IJJV1 96.10 

J5J? ASJOJulH 49 H 5000 43.70 49 90 -1.07 B839 *105 


■l»AU9W JKIIU J09.au JStBI 1UU 1050 27801 *S>i MHlTeu iilG i.TL jjXT ■ • US 438X1 

HXOOOCIW 30670 390.70 TB6JD 3BJ0 -080 X*I5 iJSSSJ? Ua* 1780 Sot 

UlDarwu tmhi lum <mum mm • a HI linn 5~r li-WSHlW 14.94 17.35 >4" “-ff Tw’Ilf 

41180 JUJOfSw J4M0094 I486 I7J2 1X71 17.2 *«*)*•”? 

417.00 36X5DAJT95 39780 397J0 J97J0 BM0 -OJO 58M JfS g-S IMS E3 iflXT VM 

j m m Jftl.70 Jun9S tmm :om rr-?? w.wuecW lft-W 17.35 WJv T/Jtt +vai A/tme 

411S0 39QJDAufl9S 406-30 OJO 11B JI 1 ® 15.15 Jim 95 ItW 17 I&9I 

411» iS3o SaS ZofS itw i7_22 i4M ,S'S? 

IOOJiODec9S 41X00 41XO0 41 IJO 41X20 -OJO AJSt SjS !c«5S^« Un 7J30 

I ZJOFabft fl*ao —OKI ilTS ILSSAflrJS 1AJ3 1683 16.93 IfcTJ ..’iH 

W800 Tuc-5. sales 26864 15J3Jun*5 17JJ5 17J9 1783 1780 1LXU 

iM 144JB4 ll-P. 685 jut 95 17.19 17.1? 17.19 17J9 1-085 1*7 

- - i?84 1630 Sea 45 1782 17J2 17 JO 17 JO +827 44JJ 

Financial ^ ,,J0 17j “ 

iraW-arTB 95.62 4404 21897 »» “"-‘ffk— .KO* 
9X67 Sep 94 9585 *S 13 *585 7113 1 006)184 ?I?2 4X1DJW194 JDJ5 518* 5015 51 J3 +0JS 3J.S00 

9X15 Dec 94 94.74 9X75 9X67 9X75 *0.” 7J11 Km 5J2 S35 3JS IMS ton liM 


Financial 


1ST. HALS (CMER) ll«s»te-,*s B ll00«! 

96.76 95J» Jun 74 9550 9583 9586 9163 

9686 9X67 Sep 94 9585 *513 *585 7113 


v-v ..MW i — ... 4685 A.jg *4 8140 440 47 07 47 20 —1.27 X020 Esi sates NA Tuoto sUcs 4.260 

J.l, 2.09 TofcvoElecPw 3250 3228 U BS B 1151 1133 »JS <38000 94 44 72 44J3 X3JS <337 -080 3. W0 Tu* s wen int 408*7 OH 565 

33=116 Too pan Printing 1360 1340 * , S5f , J’ ur ® ,2’ .L 30 <38 SD«k9i *XS) 4X50 0*5 44. ID -X65 2.748 SVR. TREASURY ICSOT) iiB04i.rmMni.auiw 

4444.16 Torovlna 668 6*7 Zurich AW B 1J74 136* 50 gg 43.IOFet|95 44 to 44 60 4J95 4480 -087 553 112-05103-015 Jtai *4 105-07 105-16 105-045 105-1X5 — 11 

TesMBQ 791 7*B 4080 «9a7Uv*S 080 4080 4280 <280 —083 MJ 110-1*5102-12 Sop 94 HU- 14 104-30 106-09 104-195 IDS 

TovulD 2010 17*0 SOS Indei : 768.91 SI 80 4? 80 Jun 95 40 90 44.90 J*J5 48.40 -037 SS 102-01 101-26 Doc *4 lffl-311 ios 

Tama lent SOC B93 063 n—ulont ■ 944 n ■ -- 4S.95 47.MJ895 <282 -846 5 EU. sates 50.500 TiwsmIm 49804 

a-, IDA previous . t*xjo _ ESI. sales 4.716 Tues W. t.lltO Tue'looonW 303J30 ua 446* 

^ N*l«1K*m — Tuc-iopopuO JIJO on 133 to YR, TREASURY (COOT) limmunu- ct-.s mmcriaix 

m r.TSri.T 3 XSijF i PORK BELLIES ICMER) JUHte-mKHia 115-71 107-11 Jun *4 105-20 105-27 105-06 IK-21 . « 

i-l — KHA; ™ 1 3JL, bl 9a XLSJMnv*4 45JB 45J0 4X15 111? — 1.3» 190 115-01 101-16 5*0 94 104-17 l(n_iS |Cte4B 1M-23 . n 

?+} S* P?Srte5?T l4M SS5 it-i? t!“ S-1» HMI l»-I5 Dec 94 103-27 ira-M 1 03-ID 103-79 - « 

t*U 14. TC ™ n - “** . 59 JO 41. 85 All* *4 *385 4X0> 47.00 <730 —117 I860 111-07 1 00-05 Ma- 9 51 03-07 IGJ-06 102-27 103-06 • 13 

’4J J2f 41.15 I9.10Feb*S SUM i!.«0 W.I5 »IS -IJ2 738 105-23 **-» JIM95 t«^3 - u 

~TJ ^ — • 60.90 3680 MW 95 5IL50 50J0 4*J5 4985 ,|JS 2b Esl.safos 105.105 Tucs sales 91963 

1.8 Toronto .* SBJ»Muv *5 ».» s «5 Sl.n 52.75 -0.50 11 Tuc’sapaniiO 796.707 aft llM 

n 5 -ii 4K..KP .« 1- UI i L ■ . il-SO 51 id All *5 5175 I USTR6ASWI7 BONDS tOOTJ MkI-iwabhohx Ber.ei 

;; AW I'Bi Price 1$?* '■ ft 5 easy lo sabscribe SO 10 49 7SAUB93 5000 —A 10 3 119*29 *im* Jun *4 105-13 105-X) IM-MIU-IO - 04 

i ? Jf “Wlco Eaelr 15;- ISto . _ , . ESL sates 2J*t Tut's.^^ I,W1 1IB-M 90-17 iep 94 104-16 I04-J0 103-78 104-13 . at 

.?** Alruanapc fto 6»u a Bo h liHUI Tue'sopenirl 7.925 up 13 118-08 oi-i* Dec <4103-58 itM-0S ifla-io 103.55 . S 


170 ITT 
3*3 3.6* 


Stockholm 


7*1 7*8 

'2* SBS Indee : MB.** 

683 863 Previous : 94X78 


05 102-01 I01-26 Dec to 


x *2 1*5 Montreal 1&* A 

vi, I Alton Aluminum 31 JO 1 , Alias loom 


Preussoo 

PWA 

RWE 

Rnttnmcfoll 
Jchcrlrig 1 

SEL 

Siemens 7? 

TTnrssen 30 

Vena 

Vebn M 

VEW 

vias 

Volkswagen 

ffetfo 

DAX uutev : 224741 

Pffevfout ; |SSJ* 


& if! IKMSS? - 


S-0 S.4S 

4.45 £ «: 1 


3a IS 3 -, | Etectiolu4 B 
43 44 1 Eritsw 


j'9! ^!5 ! Fiscns 


304j05bx» GEC 


343 3+3 j uenT Aee 
54LB053&5G 1 GlarQ 


3.1! JO* 
5J1 *-TJ 


3*0 3?0 Grcmd Met 
S73 466 SRE 


5 Jb SM 
4^4 J5I 


5!9 53.20 j Guinness 
W4 *40 GUS 


t.TB Mi 
X*J 4*1 


Hanson 
Hiltsaonn 
HLBC Hkfoi 

=Ci 


Bombardier B 

20’+ 

T£»« 

Esteite-A 

137 

t?4 




Cambior 

18' j 

ir- 

Hondeljbcnkr- 

IIS 

’It 



ISto 




tr ryStlO'' B 

IN 








Norsk is.crc 

755 





Dcrchue A 

l2*-9 


Riccsrdio aF 


174. 







Sanovl* B 

: ” 





Non Bt Conocg 


*'> 

OCA- A 

i” 

i:: 




Po *er Carp. 


ZOto 

1-E Betife- 

14 

WJ0 




Quebec Tel 

76 

i’J 

Skcncis c 

124 

us 



25 1* 

Quetwcsr A 


N.U 

Shcnikb 

,*JC 

17* 





vtuebccar P 



SKF 


1ST 




Teleglabe 



Sfora 

451 





Umj 

SS 

N.G 

Treti*b*ra 0F 

121 

173 




VWtcIrnn 



.V>tJ 

T*a 

M M 


5 

4 80 

■odmlrfots inaei 

1933 68 

et^ffijrSrOerMcn 


CIBC 

30*t 

JO’S 

Previous ■ 1197 64 



.Previous • "9S4.78 



Canadian Pacific 

•a 

JIV 


5.05 43 88 Mar *5 9480 9485 9X44 9X55 -ail 311 2« S* ixS linS 

!sl sates N_x Tmrs.setcs 4.268 -O.90SPP* 4 SB. 35 S1J5 50JS SI JS 'fSK 

"ite's rum uit 40867 OH 565 50JO *10DaM 4085 47J5 688S 4*J5 1 JA7 1W3 

VR. TREASURY I COOT) iiteMeo-a oft mopo “?> “^Dnc*4 55,15 0.48 JB.15 S13S »087 *« 

17-05110-015 Junto IBS-W I0S-I6 105-045 105-145 - 11 186816 H-*- Tub' x SOtes 23J17 

10-195102-12 Sop to 104-14 fOa-M 106-09 106-195 105 17J07 Tucsaoenusr 9)899 oil 1820 


m Wifcte ei 225 : 201S3 

Prev tons : 20134 

3,1 7“' Topi* Indei : 1635 

t xo 144 Previous : 1636 


Toronto 


B's easy lo safascribe 


<152 Mnv *4 45 JO 

4SJ0 

44.12 

1417 

—1.28 

1*0 

39 JO Ail to 

an 

46.10 

43X1 

4400 

-IJS 

5.TH 

41. 85 Aug to 

43X5 

44.0) 

47.00 

47 JO 

—l 1? 

1X68 

W.lOFeb *S 

51X0 

51.90 

5015 

M 15 

— I-D 

738 

36{41MOr9S 

5050 

5050 

49J5 

49 J5 

-IJS 

76 

50,00 Mav 95 S3.ft 

5125 

52.95 

52.75 

•050 

11 

SI JO All *5 




5135 


1 

49 75 Ana 91 




50* 

-nig 

3 


Esi. sates 56.500 Tuo'x sates 49804 
Tue*5 ommi rfl 303 JEU up 446* 

WYH. TREASURY (CBOT) iioaocuenn- N-. iCratiiy itOM 
119-21 102-18 Jun *X 105-2(1 105-27 105-08 105-23 . 1J 3J4.7S4 
115-01 101-18 toe 94 104-17 104-25 KM-OB 104-23 . 11 Si.S 


Stock Indexes 


111-07 100-05 TJkv *5103-07 101-08 102-27 103-08 • 13 
104-22 99-20 JUH95 102-21 - U 


8 5f OOUP.WOGX (CMERJ 9 do.u» 

g SfJ5*"’J 4 ‘"LTS 'SX85 44875 45X20 «aS5ltoJtl 

4 2j^S S«S5gPS» 45715 <31 JO 45X60 '160 17 JM 

. «.10 429 Jg Dec 94 456.10 4».*S 4JU0 45780 iIJO 7JTt 

Efl-sotei NX Tue-x sales 75,973 
Tur'lOMn ini I2L516 IS> 1285 
. !^ c a*« , .tNDEX INYFEJ teumsmaewn 


pist eafl to H- fr oo ; 
0 800 1 7538 


118-26 90-12 Srt9J 106-16 IM-JO 103-78 104-13 • at 6L3te W.M 741.00 >o 94 34*55 252X0 249X0 25180 - [JS M. 

118-06 91-19 0*0*4103-28 104-00 103-ID 1M-2S 06 14X13 Hi 31 ™ 'SO*:9A Sj? <1« 

116-20 99-14 Mar *5103-13 103-13 102-76 103-07 - 06 7.144 gL73 HOSMorfS 2S1H -»1.*S- *4 


COFFEE C (NCSE1 I'Wif 

fNlUMTlk 




'2*00 

bl 25Mav to 17a DC 

17600 

Ilf 00 

123.15 

■ « IS 

57 

179*0 

64-90 Jut 94 120 40 

12050 

118 00 

174 *s 

•4.10 20671 

124.15 

4150 Sh> *4 11725 

124 50 

11650 

177X0 

< 2.50 I5JI4 

123 IK 

77 lOCicrto H4.I0 

171.10 

113X0 

III «0 

-3XD 

9.685 

170 JO 

7090 Mar 94 HUH 

IP JO 

mxo 

i 1 5XO 

■ 345 

4X02 

11050 

92.50 MOV 95 



11150 

• J50 

626 

III JO 

85X0 Jut 9) 



IIJ.S0 

■ 158 

68 

II7JD 

89005>-P«i 



IIIJ0 

oto 

41 

ESI SOte- 

l*,T72 T«V -.air- 

24.10" 





H5-I* *0-15 8*1*5102-13 102-23 ito-B 102-2S • Os 

112-15 99-00 Sep M 102 XT' - 06 

10-14 98-71 DkTS 101-70 1 W 

1T4-7K «*-2J Mt¥ 9fc Hl-U - 06 


894 N.A TiWsuks 3X77 

135 Tuc tawifl J8I3 eft 111 


104-07 87-06 Junto 92-06 9T-I4 *1-77 ?7-0J - II , 

95-17 86-13 Sa>«4 91-IJ *|.|j 71-00 «|_n , ij Moody 5 


BIMOOLLIM (CmCbi umtai a-.iilieiie 


Commodity Indexes 

□use 

Woody's 1J7280 

Rejitcra ijbjo 

OJ. Futures 144.47 

tdm. Research 230J7 


essen 

KWFP 

\\ed^ J 

j&M "• 


L2-'« . v; '*’ 

.JjiT C^'] 

kern 

7^1.1 n.i'- 1 • 

Kntpf H '"f 

n.sen b? 

' .t, » u- 

1 -. , r - 

:ht' ... 

ariii 

mould '»» • 


tr. a ” 
-Thtf 

exter..-'- 1 ^ 

-liar #« :s :”AV 

-. 'mi 1 > *’ 

1 ati h* -"** ' 

, r. r-r:--- •*«- 


abb 

On Lt 


3:- t r-" ~ 
x'weJ'h i« 
‘ot*» n:rf.V! 


1 n,r.-i— . • 

i fe: 


\V« - :c 




r ■ • j 




wedr.fc 


■= •: . ^ %• 


07BO5 

tuinjunto 

0726? 

07271 

07346 

07265 

*9 38,137 


07760 

07060 Sep 9* 


07244 

07222 

01723* 

*11 

3,597 


07670 

07038 Dec 94 

07175 

07718 

07195 

07217 

•*U 

1-449 







07196 

. +11 

(Of 







07177 

+ 12 

104 


07138 

07138 Seo 95 




07159 

+12 

- 2 


Est sates OLA. Tuo's. sfles 

2XH 






Tub's open int 42X98 

aft 29 








GERMANI8ARK (CMB2) Iptr mob- 1 paM 

MiMMJoer 



0X133 

OJ607 Junto 

05961 

0X040 

0J9S7 

01032 

+63116X22 

. - 

0X10) 

056005*094 

05976 


09963 


*61 

6J97 

. 

0X105 

OJSWOecto 

01006 

0X040 

0X006 


*59 








06077 

♦ 55 



0X070 

0-58 ID Mar 96 




axon 

*5/ 

62S 



< ■. "... 


* v- : 


i - $$-‘t 


c; ! - to : . 


Ji l. 




s' i,-: 


J'i 

•■? Ijyto.-r 




i- ; * ><- 

f. 


fl ftl 

It ^ ‘ . 









s.a& 


^cr^ar sJS 

l! - "l-^r- “ ■••rv". S ‘ ;; '!J. 


H.\ ■>* 


-V?. 


C-^H 




V _ :.. . :_;■ ^.. ai-i 


t for Phone 


-,. -r .; . V'.- l :-. 




INTERNATIONAL HERALD TRIBUNE. THURSDAY, MAY 19, 1994 


\&f>M 


tT 



Page 1 

11 ■ P affl* -s 

EUROPI — , 


Krupp Sees Payoff Soon 
From Steel-Sector Cuts 


Bla,nc " W DM w ^0.0 dm in Frankfurt 
* * fcl > -Germany — Fried, trading. 

Wwlneirti.- ■« sai1 * Mr. Cromme said there would 

KteSS’.Si" * million Dnil- again bea“slithllj iwgaiivc" rcsuli 
rr® 3 ? 5 . g« *n the first from the stcd division in 1994. All 

® uch »««er results other divisions were profitable last 
viJTL “J™, 1 "««cd stedmaktag di- year except machinery, which had a 


visioft would enable it to break 
even this year. 


Last year. Krupp ‘s net loss more 
ian doubled, to 589 million DM. 


than doubled, to 589 million DM. 
•Tom 250 million DM. The coxnpu- 
ny was hurt by operating losses of 
780 million DM from its steel unit, 
Krupp Hoesch Stahl AG. 

Although steel prices have only 
risen between 5 percent and 7 per- 
cent this year and are way below 
the levels of two years ago! Krupp 
said its drastic reorganization 
would improve (he 1994 result 
sharply. Provisions have been tak- 
en to cover most of the costs. 

“The new group structure, the 
extensive adjustment measures and 
the synergy effects have created the 
conditions for a breakeven result in 
1994, even with a continued weak 
economic situation." said Gerhard 
Cromme. the chief executive. 

The company's shares gained 2i 


“slight" loss, he said. 

Sales in the First quarter were up 

5 percent on the year and orders 
were up 12 percent, the company 
said. 

Like its rivals. Krupp has been 
hit by price pressure and increased 
competition from Eastern Europe- 
an and subsidized Western Europe- 
an steelmakers. As a major supplier 
to European carmakers — with 20 
percent of 1993 sates accounted for 
by the automotive industry — ii 
has also felt the effects of a massive 
slump in its customers* sales. 

To cope, Krupp closed one steel 
mill last year and laid off workers at 
others. Altogether, the workforce 
fell by more than 10.000 last year, to 
just over 78,000, and will fall by up 
to 7.000 more by year-end from 
72.000 at the end of April. 

The steel workforce will drop to 
J 5,900 by the end of this year front 
22^576 at year-end 1993. 


"Krupp has already gone a ways 
down the road from being a pure 
steel producer to a supplier of raw 
materials and will continue in (he 
future," Mr. Cromme said. The 
pure sieelmaking activities now 
make up less than 25 percent of all 
sales, and that will fall further as 
the focus shifts to goods and ser- 
vices tailored to customers' needs. 

“The traditional cooperation be- 
tween automobile producers and 
suppliers is changing fundamental- 
ly.” Mr. Cromme said. Suppliers 
are being required to do work that 
until now has been done by car- 
makers themselves. 

Krupp'» total sales in 1993 were 
20.5 billion DM. 6.421 billion DM 
of which came from its trading and 
services division. 

That is less than the 6.853 billion 
DM in steel but was achieved with 
about one fifth the number of em- 
ployees — 4.685 against 22.576 in 
steel. Unlike steel, the trading divi- 
sion was profitable. 

Knipps said that where future 
job cuts come depends partly on 
the outcome of ongoing talks with 
Thyssen AG ■ 


! Z Iberia, 

Recovery in Japan « 

And U.S. Unlikely p^Hilge 
To Aid Europe 1993 Loss 


Frankfurt 

DAX 


Lo ndon 

FTSE 100 Index 


Paris 

CAC40 




ABB Rebounds 
OnLmver Costs 


Bloomberg Businas A'm 

ZURICH — ABB Asea 
Brown Boveri AG, the Swiss- 
Swedish heavy-engineering 
conglomerate, reaped the re- 
wards of lower costs in the First 
quarter, as pretax profit rose 32 
percent, to S246 million. 

Although revenue declined, 
ABB increased operating earn- 
ings after depreciation by 18 
percent to $481 million, partly 
due to lower personnel costs. 

ABB said it was seeing “a 
gradual recovery” in demand 
for many of its products and 
services, which range from 
budding power plants to restor- 
ing die US. presidential yachL 
Investors were impressed with 
the earnings, and shares of 
ABB’s 50 percent owner. 
Brown Boveri Cmp, rose to 
1.288 francs (5906) on the Zu- 
rich stock exchange from 1,275. 
In Stockholm, however, class A 
shares of Asea fdl to 640 kro- 
nor (S82J1) from 644. In 1993, 
ABB took a S596 million 
charge for restructuring, as it 
laid off staff and dosed plants. 1 


Russia Pledges End 
To Diamond Leakage 


ffcuren 

MOSCOW — Russia promised 
on Wednesday to plug disruptive 
leaks of rough gemstones on to 
world diamond markets, but called 
for modifications to a marketing 
agreement with De Beers Consoli- 
dated Mines Ltd. 

A joint statement issued by the 


year deal that aims to protect 
prices. 

But claims that Russia is bypass- 
ing De Beers and allowed dia- 
monds to leak onto the markets 
have soured relations between the 
two sides for several months. 


Russia denies it has been selling 
diamonds in breach of the agree- 


Rusrian governmem and the big menL g ut ^me officials oppose 


? '.’A: 


j South African firm said both sides 
remained committed to the existing 
deal, which expires in 1995. But 
changes were needed. 

The two sides were committed to 
taking all steps “to curtail Russian 
rough gem diamonds reaching the 
market outside current marketing 
arrangements.” the statement said. 

Russia and De Beers are the two 
biggest producers of gem diamonds 
in the world, and the South African 
concent controls some 80 percent 
of the global market through its 
London-based Centra) Selling Or- 
ganization. 

Rnssa. South Africa's ideologi- 
cal enemy throughout the Cold 
War, sells 95 percent of its rough 
gems through the CSO in a five- 

.‘ll-TM.U. - ."?•?. . . •' I . V • 


cooperation with the South African 
company, claiming they could get 
belter prices for their gems else- 
where. 

De Beers said the agreement that 
Russia can market 5 percent of the 
gems it sells itself means Moscow 
has adequate ways to check that 
prices are fair. 

The two sides started a new- 
round of negotiations in Moscow 
on Tuesday to uy to dear up out- 
standing issues and they said in the 
statement that they expected talks 
to continue. 


“Yesterday was only the start of 
discussions and I can only say that 
it was difficult,” said Leonid Gure- 


By Carl Gewirtz 

International HendJ Tribune 

PARIS — Sharp upward re- 
visions to projected growth in 
North America and Japan will 
do little to improve prospects in 
Continental Europe over the 
next 18 months, the Organiza- 
tion for Economic Cooperation 

and Development is to tell na- 
tional policymakers meeting 
here to discuss the outlook 
Thursday and Friday. 

The OECD also raised con- 
cern that world stock prices 
“may be vulnerable to bad 
news” and that a collapse could 
upset could seriously damage 
the economic outlook. 

Although “the worst” of the 
European economic downturn 
“is past,” the secretariat report 
prepared for the meeting ac- 
knowledged that recoveries m 
Continental Europe “are other 
very weak or only just now being 
established” Even this mediocre 
performance is highly dependen 1 
on Europe achieving a substan- 
tial rise in net exports, although 
the study notes dial a strong rise 
in corporate profits “could give 
an upside risk to the outlook ” 

The secretariat also worries 
that falling household savings, 
expected to play an important 
rote in the European revival 
could be negatively affected by 
a sell-off in equity markets. 

“Share prices remain high- 
even allowing for the prospect oF 
rising earnings,” the report 
notes. “Price-earnings ratios in 
most markets are now either at 
levels which are unprecedented 
over the last decade or. at least, 
on a par with the previous record 
levels prevailing shortly before 
the stock market crash of Octo- 
ber 1987, so current prices may 
be vulnerable to bad news.” 

The secretariat says monetary 
authorities must be prepared as 
they were in 1987. to counteract 
the impact as the “wealth effects 
(of a crash) could be greater than 
in the past.” 

Another concern Is whether 
the sell-off in European bond 
markets this year, which has 
pushed up long-term yields, 
threatens recovery prospects. 
“There is at least a risk in this 
regard,” the report says. Howev- 
er. with inflation declining 
throughout the next 18 months, 
short-term interest rates also 


NYSE 


Pry VTd PE IPOs Kpn LowLcMSIQi'bC 


Wednesday's Closing 

Tables include the nationwide prices up to 
the closing on Wan Street and do not reflect 
late trades elsewhere. Via The Associated Press 


UAtaifh 
Hfah LowStadc 


Of) YM PE IKK HlcTl LowUWSICh-W 


H n 

I.W» 13 fi 


US ffl fl 

fl II 


HU 


& (5 ■ 

lj* 97 ft 


9 ill 


413 

w* .*3 Fr 


3 


tS u 

3 q S 

t.«B 73 _ 

1.90 rs z 

M IS » 


- fl 

•a. 8 s 

11 ? 

ail 

MO a Ml 


4i!S 




£ y>k -i 

i* • > 


.MB 18 


m 8 fi ’I 

us fji _ 1 


*»l 

IM D g 

1 a a 


ii 


m 

0 

ills 


18 8 Si 


a §i 

*9! 



111 


iS z\ 

n is 


& i 

fe >, ’2 

1 M 1 .. p Ai 

S'- :£ 

b gte 

Sv. Ww 
t. !t. 


Continued on Page 12 


should ease — to a low in Ger- 
many of 4.3 percent, half a point 
higher than an earlier forecast. 

The outlook for Continental 
Europe, virtually unchanged 
From the forecast six months 
ago. estimates economic growth 
or 1.4 percent this year rising to 
2.7 percent in 1995. As a result, 
unemployment will rise from the 
cunent 1 1.7 percent of the labor 
force to a high of 12 percent 
before inching’ back to 1 1 ,9 per- 
cent by the end of 1995. 

By contrast, the U.S growth 
rate* has been substantially re- 
vised to 4.2 percent this year 
and 3.1 percent in 1995 — up 


? Share prices 
remain high, even 
allowing for the 
prospect of rising 
earnings. 7 


Bloomberg Business Sera 

MADRID — Spain's state air- 
line Iberia SA announced Wednes- 
day a 1993 net loss of 69.77 billion 
pesetas (S504 million), more than 
double 1992's loss of 34.82 billion 
pesetas- 

Iberia blamed the poor perfor- 
mance on the crisis is the airline 
industry, a drop in passenger load 
and greater financing costs due to 
three devaluations of the Spanish 
peseta. 

Iberia has undertaken an aggres- 
sive cost-cutting program, but 
losses for 1994 could reach 40 bil- 
lion pesetas, said Juan A. Saez, the 
airline's managing director. Most 
of those losses would come from 
Iberia’s holdings in Latin America, 
particularly its 30 percent stake in 
Aerolineas Argentina*, the compa- 
ny said. 

With the backing of a group of 
Spanish banks. Iboia last month 
agreed to extend that slake to 85 
percent in order to save Aerolineas 
from financial collapse. Iberia also 


F M K U • 
. 1993 1984- 

Exchanae: ' .. Index 


It 

4 

he mid n 
Ukraii 51 
r nic Ru . 
_ar tiesik' 
. .*hev «}', 
_,.:sia h#V 


•ETYTRni 20S) roTTF'M A 

aw ■ : 1001T i&m ■••• «oaa- V-nnn" 


Amsterdam 

JBntsacte 

Franichift^ T 

FraariSuaT 7 " 
HeWnfcl 
London . ' 
London 
Madrid 


Cteeft- 

A£X • 416JW • 

Stock Index 7355^21 

DAX ' “ ^28741 

FAZ 859L27 

HEX ■ 1,831.69 

FtmncalTjmss 30 

FTSE 103 3,11&SO 

Qeneraltratex 337.71 

MtB ijxnjoo 


: 19M ■ 1993" 

tfte toe s da y.Prev. 
Ckifita • Ooso ‘ 

4J6JW ■: 4tast 


P»is 

Stockhobn 


CAC40 


Zurich 


Stock Index 
SBS 


3.11&SO 
337,71 
1^01 JOO 
2,18339 

4S7JB7 

96&9S 


1993 

. warndt 

& 

4ia8l- . +0-54 like ^ 

?JB4Z6i +0.5*; G^ r i 

th^ 

855.35 +O.40 hip aflW[ ( 

1,8674)8 3 

2,4683$ 4L1B dCS,g i,^ 
ai23.S0 -0^2 e abot a, s 

+C.54j uUr£ rJ 

2,195.17 * 051 ' «r pat b 


2,195.17 

^78 -037 ^? 

455.00,, +0.5gj or thjd 

964.78 +0/43- v ezda D 

*-h Air K 

InCcnmiotuT HerJJ Trifwr 


Sources: Reuters. AFP 


Very briefly: 


•*r. ^ 

telis%, 

irei V it 


I.l and 0.4 percentage points, 
respectively, from December’s 
forecast. These latest figures are 
even more optimistic than the 
projections announced only last 
month by the International 
Monetary Fund, which saw 
U.S. growth of 3.9 percent this 
year and 2.6 percent next year. 

The dark side of the forecast 
is a steady updrifi in U.S. infla- 
tion despite a gradual increase 
in short-term interest rates. In- 
flation is estimated to be run- 
ning at an annual rate of 12 
percent and seen rising to 2.6 
percent during the next six 
months, to 2.9 percent in the 
following half year and to 3.2 
percent by the end of 1995. 

Over the same period, three- 
month interest rates are expect- 
ed to rise from the current 4.2 
percent to 6 percent. 

For Japan, the OECD esti- 
mates growth this year of 0.8 
percent rising to 16 percent in 
1995. The forecast is sharply up 
from the OECD’s December 
projection and a tad belter than 
the IMFs April report, but the 
secretariat admits that “despite 
some positive indications, it is 
not yet clear that recovery has 
begun." 


percent »n order to save Aerolineas • Vir gin Group, the airline and retail company owned by 
from financial collapse. Iberia also Branson, said it would join a bid to run a high-speed Channel Tm 
agreed to a capital reduction of 144 Jink. The government is seeking bids to build the rail line betweeretanuj 
billion pesetas as a way to help London and the Channel TunneL ershit,.i- 

tosses of 166 billion pese- . SA said it was in talks with J. P. Morgan Co. over tP m j‘ 

, , , . . , possibility that Morgan's Corsair Fund might increase its stake of 3. -J 

Under Spanish law a company percent in Banco Espano) de Crtdho SA. J 


absorb its losses of 166 billion pese- 
tas since 1990. 

Under Spanish law a company 

must reduce the value of sharehold- .... , . 

er capital when losses exceed 50 * Men± AG of Gennan y «» d « planned to acquire 51 percent c *- 

percent of that capital The capital Amerpharm NV, a Dutch manufacturer or generic medicines. s 

reduction will be followed by an • The European Union said it had authorized a joint venture bciweelSt 0 

injection of new funds. Exxon Carp, and Royal Dutch/ Shell Group to make plastics in France 8 

“There are two principal ways to • Bank Leona's former chairman. Ernst Japhet, was sentenced to I- 
inject funds.” Mr. Saez said. “We months in prison and fined $300,000. the heaviest punishment receive,., 
can seek a subsidy and go through by any of the 10 former executives of Israeli banks found guilty c s 

Brussels, or come up with our own manipulating bank share prices in the eartv 1980s. otccs ^ 

^fi ll Ses^ h o[ * ^ whg AG, newspapar company, said it would paya^. e 

IM .Xi n , tn n„r n nnri unchanged dividend of 12 Deutsche marks after reporting recently the e 

3H£S .‘ mt " mC ‘- pmfit^penxo^VlmlUonDMCHlsSn,. 8 Uwl 

Teneo is the Spanish govern- • Fold Motor Co. said it would open a research center in Aacfaer’aleri 
ment’s industrial bolding company. Germany. Reurea. AFX. AFP. s/«vn/wtday. 

said 1 

■ KLM To Race Big Order Cri- 

. s British Unemployment Falls *"■ - 

bus A-3 10-203 aircraft with new. X J 

jets from either Boemg Corp. or Bloomberg Business News numbers win bring forward the dat^ed 

LONDON — Govmuucnt dala when Ihc Bank al England will hme- , 


Teneo is the Spanish govern- 
ment’s industrial holding company. 


■ KLM To Place Big Order 
KLM Royal Dutch Airlines NV 
is looking to replace 10 aging Air- 
bus A-3 10-203 aircraft with new. 
jets from either Boeing Corp. or 
Airbus Industrie; Bloomberg Busi- 
ness News reported from Amster- 


dam. The older could be worth released Wednesday showing rising 


numbers will bring forward the daiascd 
when the Bank of England will tune- 
tempted to notch rates higher." re a 


The government said persona 01 * - 

: a a - w uen- 


more than $600 million. wages and falling unemployment in The government said persona 01 * 

KLM is considering buying Britain reinforced analysts’ pcrcep- income rose 4.0 percent in Marctf^ 
Boeing 767s. the more modern Air- lipns lhal Bntish mflalion « on the above analysis’ expectations for ; 


bus A-3 10-300. or McDonnell- 
Douglas* wide body MD-1 1, said 
Hugo Baas, a spokesman for the 


“I think we can rule out any fur- 


Dutcb airline. Mr. Baas said a deri- tber cut in interest rates,” said Ndl 
sion is expected within a few MacKinnon, chief economist at 


months. 


wav up and that interest rates will 3.5 percent increase. Another re 1 ^ 
follow. pan showed the number of peopl? 10 

“I think we can rule out any fur- P 01 of.woik and claiming benefit^ 3- 
ther cut in interest rates,” said Neil April feD by 36,800, brining lhi“ al 

MacKinnon, chier economist at jobless rate down 10 9-5 percen**- 
Gubank. “If anything, ihese wage from 10.4 percent a year earlier, y* 

— % 

_ _ _ rs) 


Luxury Goods Ride Out Recession in Styles 


Bloomberg Business News 

PARIS — Even ai ibe depths of Europe’s 
recession, the lavish, travel- themed windows of 
Louis Vuiuon's flagship store tempted an envi- 
able number of wealthy buyers. 

Now. with consumer confidence growing and 
Japanese customers taking advantage of the 
strong yen. sates of Vuiuon’s classic monogram 
handbag* and new “Taiga” line of green calf- 
skin business accessories are booming. 

“We managed to avoid most of the ravages of 
the recession, and now we’re seeing a lot of 
demand.” said Lidie Le Ninivin. a Vtriilon 
executive. “The Taiga line especially has been 
very well received." 

Like Vuition. other luxury-goods brands 
such as Christian Dior perfume and Remy 
Martin cognac also rode out the recession re- 
markably well and are in position 10 make the 
most out of the recovery, according to industry 
analyst*. 

The secret, they said was a canny mix of 
clever marketing, a willingness to reduce prices 
selectively and genuine consumer demand for 
quality products even in tough times. 

Fran 9015c Etienne, luxury-goods analyst at 
Paris brokerage E1FB. said: “Throughout the 


luxury-goods industry, consumption is definitely 
picking up. partly because people wont to make 
themselves feel good during a recovery. You can 
sec it with Hemtes and Louis Vuitton, and it’s 
the same in the perfume sector with Dior.” 

LVMH Meet Hennessy Louis Vuivloo SA, 
which owns Vuition luggage and the Dior per- 
fume and fashion bouse as well as Hennessy 
cognac and Dorn Pfcrignon champagne, con- 
finned business is buoyant when it reported 
that first-quarter sates jumped 28 percent from 


Among perfume and cosmetics companies, 
analysts said the stray is similar. Dior has seen 
sales continuing to grow in North America and 
the Far East aid recovering in markets such as 
Japan, France and Gennany. 

Us perfume and cosmetics sales rose 7 per- 
cent in the first quarter alone to 1.5 billion 
francs, helped by the launch in March of its new 


Tendre Poison perfume and increasing sales of 
its Svelte and Capture Lift beauty creams. 


its Svelte and Capture Lift beauty creams. 

The buoyant business outlook is encouraging 


a year earlier, to 6 bOKon French francs (about companies to look for acquisitions and alli- 


a $1 billion). 

That reflected surging demand for cognac 
and leather goods, and more modest growth in 
champagne and perfume sales. 

LVMH. like Rimy Cointreau SA, which 
owns the R ferny Martin cognac brand, relies on 
the Far East for more than 30 percent of its 
sales. While it has suffered from the contraction 
in Japanese corporate gift-giving over die past 
18 months, a major source of revenue, the 
company now believes the worst there is behind 
it and that sales should start to recover. 


LVMH cut Japanese cognac prices by about 
10 percent earlier this year in response to the 
strong yen and to preserve market shore. 


ances to cash in on consumer demand and fund, 
investment. 

In late April, LVMH announced that Dior 
would take a major stake in French perfume 
house Gueriain for 2 billion francs, co- manag- 
ing it with the Gueriain family. 

The move makes LVMH with Gueriain the 
world leader in high-quality perfumes, with 
about 20 percent of the key French market 

Investors have responded enthusiastically, 
with LVMH stock outperforming the CAC-40 
index of French blue-chip stocks by 20 percent 
since the start of the year and taking the shares 
to a two-year high earlier this month of 941 
francs. 


CURRENCY AND CAPITAL MARKET SERVICES 


m 


Currency Management Corporation Plc 

Winchester House. 77 London Wall - London EC2M $ND 
TtrL: 071-382 9745 071-382 9487 


FOREIGN EXCHANGE 


2-t Hour London Dealing Desk 
Competitive Rates & Daily Fax Sheet 
i^rU f<ir further injortnmiun & brochure 



LONDON & GLOBAL 
FOREIGN EXCHANGE PLC 


PREMIER SPECULATION SERVICE 
QUOTE UP TO 100 MILLION USS 
Top floor, Comoo Howe. 1 1 Bear Street, London WC2H 7AS 

Tel: (071] 839 6161 F be (07f) 839 2414 


European 

PRICEBUSTER 


Call Anytime 


© UVEDAUhcNixKucSIO/MrO 
© EOD Data ter $ 5/Day Q 
© 1 30+ Software Applications © 

On Signal 

On tendon 44 + 71 231 3556 


F utureSburce 


TradeStation Users 
for a Real Feed? 


- Looking 


Now available - The NEW FutureSource Digital Feed for TradcStafion. 
All Major Futures & Options Markets. • Comprehensive 24 Hour FX 
including broker prices * Refreshed Data * Automatic Historical 
Download * Intra-Day Corrections. INTERESTED? 

Call FutureSource Tel.; +44 71-867 8867 Fax: -44 71-481 3042 


Duff Forecasts and Market Myths for 1994 

The U$ dollar wjll soar; dcllallon will continue: gold A most ccmmodillcs 
worn rise; Japan's economy & slock market will be weak." You did 
NOT read that In fu/Ze/Afoney- the iconoclastic Inveslrnerd let for. 
CollKyla P.iiliip*'fofaiarrp!» ;«uq (or.ee gniy) ct Chari Anc.ysis C-d, 

7 SwcilowStfMt, Lordao, W1R 7KD. 7e! London 71-43? i r /4t 

-t07' ii> 0K> orfai 71-439 4966 eWSJt Ur 


•FOREX -METALS -BONDS -SOFTS 

Objective analysis for professional investors 

( 44 ) 962 879764 

I) Flsnnss House, 32 South-gate Street, Winchester. 


Hants S023 9EH UK Fax {44} 424 774CS1 


✓ Competitive Prices 
9 / Daily Fax Service 


m 071-931 9188 t FAX 071-931 7114 


-7 SOVEREIGN (FOREX) LTD ! 

f 47.1 Bucl ineh.vn Palate Road. London SWIW ORE J 

\m FOREIGN EXCHANGE 


t 


|y| 


n 24 hours a day - only $100 a month! |n\T I 

LIVE FINANCIAL DATA DIRECT TO YOUR PC IwJ 

I — fcyperCC SE 

For more information Fax +45 4587 8773 




Tmefy, spedfc, proven mar- 


b&fB the markets open. 
Abase erf for a FRBS oopy 

cf tte market fetter of your 

choice. 


FINANCIAL TRADERS, LTD. 

280 Osar Avenue 
Hauppauge, NY 11788. USA 
TeL: 515-435-4800 
Fax: 515-435-4897 


Fur further details on bow to place your listing contact PATRICK FALCONER m London 
Tel: (44) 71 836 4802 -Fax: (44) 77 2402254 






































































































mm 


_ — ~r».“ . .^-ce v .% 

ri « .-&•.;« .'=4 ja/'llh 


u-Sk. 


»i«-0 ■- •• -:.'}... , “ 


■' • *;■■ - rj"! "'IL. 


zzlr^ti 


*** Wool* 




r^;cr; .: .. '^0* 


forPh 






- '■". -V ■CY,--. 

1 ; ■ - ' ” 10 fife. 

„ ..." ■’ ‘ -■r.-.cj -v j - :^ 

• • -i_r. ■■• *- 1 - \prt L. .-. 


p:,-:, 

V r~:r r-:..-, r^^Sa. 

’ • •■■*>:- --^SsJS* 

»•' ■*•-' -r.V - -r 

•* - - ;,:f '***, 


l|> Campbell Soap 


•«*. 


C : -.CiC V’. : y. - 

- • •> .•_; • •— - • • . .-. " ''! |r 


a IlcH-ue Deal 


• :-WiCi 

< - » - J W1 *.'1.1. 


r *" ;■*- 

■ '.x ■ "3 
•->■ 7iC 




INTERNATIONAL HERALD TRIBI NE, THURSDAY, MAY 19, 199Y 



China Predicts 

Growth With 


ASIA/PACIFK 


Risk of Inflation 


Tokyo ’ s Big 4 Rebound 

Commissions Rise at Securities Houses 


A gene e Frame -Prem 

«U«HO — China forecast 
Wednesday its economy would ex- 
pand by 12 percent in the first half 
of the year, an announcement that 
pKUfc its goal of pegging growth and 
inflation 10 below iO percent look 
increasingly unrealistic. 

In a report carried by all major 
newspapers. Wei Liqun, a spokes- 
man for the State Planning Com- 
mission. said industrial output 
would grow by 18 percent from 
January to June, compared with 

the similar period Iasi year, while 
fixed-asset investment and con- 
sumer sales would rise by 30 per- 
cent and 22 percent respectively. 


Nusantara Looks 
To Set Up Joint 
Venture in U.S. 


Reuters 

JAKARTA — Nusantara Air- 
craft Industries Ltd. Indonesia's 
state-run aircraft maker, said 
Wednesday it was studying the 
possibility of setting up a joint ven- 
ture in the United States to manu- 
facture airplanes. 

“We are seriously studying the 
possiblity of establishing a joint- 
venture company to assemble or 

E reduce our N-250 airplane in the 
biited States,*’ said Jusuf Habibie, 
the research and technology minis- 
ter. “Some aircraft industries there 
are keen to join.’* 

The N-250 is a medium-haul, 70- 
seat commuter plane that is due to 
make its maiden flight in April 
1995. Each N-250 will cost $13.5 
million. 

Mr. Habibie, who is also the 
president of the slate -run compa- 
ny, refused to say which U.S. air- 
craft makers he bad held discus- 
sions with. 


A Western economist said the 
forecasts suggested China would 
have difficulty bringing 1994 
growth below 10 percent. Growth 
last year was more than 1 3 percent. 

‘In the first quarter, they said 
1 2.7 percent growth was a seasonal- 
ly adjusted figure in line with real 
growth of about 10 percent.” he 
said. “There’s not much seasonality 
in the first six months, so if a a good 
indicator of where they are really 
going.” 

Mr. Wei, however, was upbeat 
about figures for the first four 
months of the year, saying they 
reflected the sucoess of reforms im- 
plemented in recent months in the 
hope of cooling down the economy. 

Industrial output grew 16.4 per- 
cent in the first four months, over 
the tike period last year.while fixed- 
asset investment rose 38.4 percent, 
Mr. Wei said. The figures were 
down from 25 percent and nearly 70 
percent, respectively, between Janu- 
ary and April last year. 

The official said (he slowdown in 
fixed- asset investment had created 
a stable supply of raw materials, 
predicting that this would help 
bring down inflation in the second 
quarter of the year. 

Inflation was running at 20.1 per- 
cent nationwide and some 26 per- 
cent in big cities in the first quarter. 

However, the economist said 
China was unlikely to come any- 
where near its target of bringing 
annual inflation down from 13 per- 
cent in 1993 to below 10 percent 
this year, despite efforts to control 
the rate artificially by reimposing 
price controls. 

“Twelve percent economic 
growth really is too high to be con- 
sistent with bringing down infla- 
tion.” he said. 

Mr. Wei also pointed to a recov- 
ery in state-sector production in 


Confuted hy Ow Staff fnm Dispatches 

TOKYO — Japan's “Big Four" securities 
houses, benefiting from a recovery in commission 
revenue, announced their best earnings figures in 
three years on Wednesday and forecast further 
improvements in the year ahead. 

Bui the pretax earnings posted for the financial 
year ended in March bv Nomura Securities Co.. 
Daiwa Securities Co, NikJto Securities Co. and 
Yamaichi Securities Co. were still down sharply 
from their record earnings performances at the 
turn of the decade. 


“Despite slowdowns in individual consump- 
tion and capital investment, the stock market was 
relatively firm throughout the year, with in- 
creased turnover." said Nomura. Japan's largest 
securities company. “But sentiment was not dra- 
matic.” 

A Yamaichi executive warned, however, that 
he did not expect a sharp rise in earnings in the 
year ending in March 1995 in spite of active cost- 
cutting efforts. He said any economic upturn this 
year is likely to be moderate aud a full-fledged 
recovery was not likely until well after March 
1995. 

A major factor behind the earnings recovery was 
the boost to commissions which accompanied a 
rebound m equity trading. 

Buoyed by heavy foreign buying, average vol- 
ume on the Tokyo Stock Exchange soared to 390 
billion yen ($3.73 billion) a day in the financial 
year ended in March, up from 140 billion yen a 
year earlier. 


Olber positive factors were increased revenue 
from underwriting, which accompanied the first 
public share offerings ia four years, and a rally in 
the Japanese government bond market for most 
of the year. Revenue from investment trusts was 
buoyed by booming markets elsewhere in Asia. 

Nomura posted pretax earnings or 50.7 billion 
yen. up sharply from 2.38 billion yen a year earlier. 
Nomura also said that its operating revenue 
climbed 16 percent, to 399 billion yen. Tbe compa- 
ny predicted earnings would rise to 90 billion yen 
in the current year and that revenue would rise to 
430 billion yen. 

Daiwa announced profit of 52 billion yen. 
reversing a loss of 7.27 billion yen a year earlier 
and displacing Nomura as the country's most 
profitable stockbroker. The company forecast 
improved earnings of 60 billion yen for this year. 

Nikko posted a profit of 35 billion yen. up 
sharply from 25 billion yen a year earlier. and the 
company forecast a profit of 50 billion yen for the 
current year. 

Yamaichi announced a profit of 17.9 billion yen. 
reversing two years of losses, including a loss of 
37.4 billion yen a year earlier. It forecast profit of 
25 billion yen for this year. 

Executives said that earnings this year were 
likely to be buoyed by a continued rise' in under- 
writing commissions, following recent moves to 
boost the number of companies permitted to seek 
stock market listings to five a week from three, 
executives said. 

I AFP. AFX) 


Malaysia 
Shores Up 
Ringgit 


Investor’s Asia 


Copied hr Otr Staff From Dijpaichcs 


Strong Yen Bites Into Casio’s Profit 


Bloomberg Business New 

TOKYO — Casio Computer 
Co-, one of the world's top mak- 
ers of digital watches, said 
Wednesday (he strong yen aud 
weak overseas sales cut profit in 
the year to March by more than a 
third, the first decline in six 
years. 


April, with output increasing 5 per- 
cent over the like month last year. 


Current profit fell 36 percent, 
to 7.38 billion yen ($71 mil- 
lionjjn the year ended in March, 
while operating income plum- 
meted 56 percent, to 4.4 billion 
Yen. Sales fell 1 percent, to 
32222 billion yen. 


“The strong yen and falling 
sales were the chief culprit." 
said Toshio Kohzai. senior 
managing director. The compa- 
ny had projected a profit of 9 
billion yen. 

Casio, a family-controlled 
company that has achieved 
worldwide fame for its calcula- 
tors and musical instruments as 
well as watches, exports 51 per- 
cent of its products. 

While sties in the United 
States rose 13 percent last year, 
overall sales in markets outside 
of Japan dropped 16 percent. 
Mr. Kohzai said. 


■ Olympus Net Off 33% 

Olympus Optical Co_ a major 
maker of cameras and medical 
equipment, announced Wednes- 
day that profit for the year coded 
March 31 fell 33 percent, to 6J2 
billion yen. Bloomberg Business 
News reported from Tokyo. 


“The sLrong yen cost us 15 
billion yen in lost sales revenue." 
said Minoru Ohta. general man- 
ager of the company's finance 
department. The company ex- 
ports about 64 percent of its pro- 
duction. 


KUALA LUMPUR — Malay- 
sia's central bank aggressively sold 
dollars for ringgit Wednesday in a 
bid to shore up the local currency, 
brokers said. 

Bank Negara also eased a curb 

on foreign buying of long-term 
bonds to expedite the ringgit's re- 
covery. brokers said. The Malay- 
sian currency has dropped more 
than 6 percent in value since mid- 
February. when the central bank 
stepped in to limit speculation on 
Lhe currency by foreign investors. 

The dollar finished at 261 ring- 
git Wednesday, compared with 
279 at the Malaysian currency’s 
mid- February peak. 

“They need the foreign players 
to take' the ringgit back up." an 
economist with a regional fund 
management institution said. 

Brokers said they were given oral 
instructions from the central bank 
to ease foreign buying of long-term 
bonds. Foreigners* are still not al- 
lowed to buy short-term bonds. 

But several brokers said they ex- 
pected the central bank to gradual- 
ly lift all restrictions on inflow of 
speculative funds. 

“There has been no change in 
policy, but there is dearly a shift in 
strategy and approach.” a chief 
economist with a Kuala Lumpur 
bank said of the central bank moves. 

On Monday, the central bank 
lifted a levy on vosiru accounts, 
which are ringgit accounts held by 
foreigners in local banks. 

Market watchers, who have been 
trying to decipher central-bank poli- 
cy since Ahmad Mohamad Don 
took over as governor on May I. 
said Bank Negara appears to' be 
adopting a slow course to soak up 
excess liquidity, revive foreign inves- 
tor confidence and fight inflation. 

The central bank will start nudg- 
ing up low interbank rates, which 
are stoking inflationary fires, once 
it drains excess liquidity from the 
system, analysts said. 

(Reuters. AFP) 


Hong Kong 
Hang Seng 

13080 

155KB fl l 

hmd /VV- 
mf ] \ 

9000 - - T 


Singapore 
Straits Times 


Tokyo 

Nikkei 225 


m b j f'm a m 



2W0C — 

3JM K 


’ O JF UAM 
1983 1984 


®oj'f m am 


Exchange 


Hong Kong Hang Seng 

Singapore Straits Times 

Sydney AH Onfinan 

Tokyo ~ Nikke i 225 

Kuala Lumpur Composite 


1984 1993 

Wednesday Prev. 

Close Close 

9.476.64 9,044.70 


AH Ordinaries 
Nikkei 225 


Close 

9,476.64 

2,323.16 

2,107^ 


2,304.49 

2,096.00 


20,152.73 20,133.53 +0.10 


H 

A 

W he midn 
Ufa aii ** 
. . nicRu 
ertiesik 
:hev e? 1 
.... iria wy 
.* Crim^ 
HAM wared* 
1984 of vu n , 

% ?! 
Changelike BA, 

+4.78 h<*r\ 
ihe Ru: . 

+0.01 jwith tfft 

^56 

munist’ 1 - 


Bangkok 

Seoul 

Taipei 

Martha 


SET 

Composite Stock 
"Weighted Price 
"PSE 


Jakarta 


New Zealand 


Stock Index 
NZSE-40 


Bombay 


National Index 


1,010.27 

946 £7 
5,88525 

wT 

477.21 

2,155.10 

1,844.59 


991.96 +1.B5 I i 

eabot a ', 

1.302.85 +1.74 pod 1 

946.87 Uneh. Slron 1 ', 

- — - • ... — j ultrar* 

6.015.83 -0.51 erpaj { 

2,936.43 -1.26 prevail 

STSg 

2.116.04 +1.75 -vezdap 

1.854.85 *0-52 fc j'i 

Inui-njikm! II.tjU lnNw jn . tf 

Yeltsuli 
i red V i 


Sources' Reuters. AFF 


Very briefly: 


tiJiiar e .c 


Tsiant, 

RU&Sii;. 


the lead underwriter of the bonds. 


• Kawasaki Steel Corp. said it raised its urge! for job cuts by March 11% 
to 3,900 from 2300 in an effort to accelerate cost-cutting plans: the 
company said the increase in cuts are pan of its goal to cuf cosi> h> Ml 
billion yen during a three-year period. 


• Malaysia will export 2500 Proton cars to Indonesia in exchange for the 
purchase of 18 Indonesian CN-235 short-range transport planes under at- 
cross-trade pact to be signed in Jakarta. ~ L 


> Vietnam posted a $1 53 million trade deficit in 1 994% first four months, as. 


imports increased by 39 percent over the corresponding period last year. 


• The Japanese government submitted to parliament a 40-day e\ tendon Jkrai- 
of a slop-gap budget for the current fiscal year which began April 1: the: dis- 


T-Bill Scandal Rocks Philippines 


of a stop-gap budget for the current fiscal year which began April 1: the; dis- 
govemment of former prime minister Morihirp Ho*okawa was forced icoated ‘ 
draft the 50-day provisional budget, which will expire May 20. due lofoleri 
problems regarding passage of lhe national budget. tday. 

• Cboya Coqx, the major Japanese textile manufacturer, plans a joint 

venture in China with four Japanese and Chinese companies, including £- n " 
international distribution concern Yaoban. ” “ lcre 

• President Fidel V. Ramos signed a law allowing more foreign banks to - 
operate commercially in the Philippines, easing more than four decades ian< j 

of protectionism. Bloomberg. AFX. AP. AFP 

ime- ; 

re a f 

lima . 


Compiled bv Our Staff From Dispatches 

MANILA — A rouitimillion-dollar swindle in the 
sale of treasury bills to private banks and government 
agencies prompted President Fidel V. Ramos on 
Wednesday to order a review of Central Bank 
re gulatio ns. 

Central Bank Governor Gabriel Singson estimated 
losses to buyers of treasury bills from Bancapitai 
Development Corp. at, about 559 miJhpn pews ($20/7 
million). Bid banking sources said the figure could 
exceed 2 MBtm pesos. . . . v.’- : _ /' '■ ' u~ > 

. Ttiree officers of the' bankrupt ^company; said to be 
known and trusted dealers in government securities for 


the past four years, have f led the country with millions 
of pesos in payments for undelivered treasury bills. 

The Central Bank began a quiet investigation last 
week of banks, government agencies and investment 
firms that had bought treasury bilk from Bancapitai. 
It said two medium-size banks, which it did not 
identify, were swindled. Mr. Ramos said the Govern- 
ment Service Insurance System, the state pension 
fund; also was victimized. 

’ The scandal became public Tuesday when Reyn- 
aldo Feliciano, vice pre£deni for funds management 
of the Bank of Commerce; thought to be one of the 
swindled banks, committed suicide. (AP. Reuters) 


r 

t is comforting to entrust one's assets to a Geneva private banker 


Malayan United Raises SCMP Stake 


ADVERTISEMENT 


Conyttat bf Ow Staff From Dispatches 

KUALA LUMPUR— Malayan 
United Industries Bbd. said 
Wednesday it bought a 5 percent 
stake in South China Morning Post 
Holdings Ltd. from Singapore 


Press Holdings Ltd., raising its 

stake of Hone Kona’s besi-sefiine 


Malayan United, winch is con- 
trolled by Khoo Kay Peng, last 
month bought Mr. Murdoch's re- 
maining 15 percent stake in the 
Post for .1.036 billion Hong Kong 
dollars (SI 34 million). 


AMERICAN EXPRESS COMPANY 


(CD Eta) 


stake of Hong Kong’s best-selling 
English daily to 20J58 parent. 

The move gave effective control 
of the newspaper company to Ma- 
laysian business interests, which wQl 
have a combined stake of 55.48 pa- 
rent, including the 34.9 percent 
stake acquired by Robert Knot's 


Malayan United said it paid 
343.1 million dollars for the addi- 
tional 5 percent stake, or 4.57 dol- 
lars per share. 


Kerry Media Ltd. from Rupert 
Murdoch’s News Corp. last year. 
Mr. Kuok is a Malaysian-Chinese 
executive. 


“There is no concerted plan to 
exert control over the daily." said 
Pd Loh, the company’s spokes- 
man/Tbe shares are acquired for 
long-term investment as part of the 
group’s investment strategy," be 
said. 

(AFP. Reuters. AFX) 


The undersigned announce* that m 
from May 30, 1994 at Kao-AoMeiatie 
N.Y* Spuistraal 172, Amsterdam, drv. 
cpn. na 68 of the CDR's American 
Express Company each repr. S 
shares will be payable with Dfla. 2^K) 
net. (div. per ree. dale 0&04.94: gross 
$0£5 p. eh.) after deduction of 13% 
1 USA-lax- $0,1875 * Ms. 0,35 per 
CDR. Div, cpn. belonging to non-rest- 
1 dents of The Netherlands wilt be 
paid after deduction of an additional 
, IS* USA-lax $0,1875 = Ms. 0^5) 
with Dfk. 1.72 net 


AMSTERDAM DEPOSITARY 
COMPANY N,V. 
Amsterdam, Hay 16^)994. 


TO OUR READERS 
IN AUSTRIA 


ft's never been easier 




to subscribe 
and save. 
Just call toll-free: 
0660-8155 
or fax: 

06069-175413 



— .... ■ 


JF 


' Geneva is a leading 
j ’■ *'■ financial centre hncnrn for 
* international banking 

expertise and, 
for 200 years, its private 
bankers have focused on 
asset management. \ 
They like to establish 
durable person-to-person 
relationships and their dose 
invoh'cwait in investment 
decisions is profoundly 
reassuring to their clients. 


1 



mr* 





Geneva's Private Bankers 

Liberty ■ Independence • Responsibility 


In Geneva: 


it*-* 


BORDER & Cie - DARIER HFNTSCH & Cie - LOMBARD ODIER & Ge - MIRABAUD & Cie - PICTET & Cie 
(1844) (17^6) (1798) 0819) (1805) 


rillNriWiHiUitMl f. liar-it a* r, .1 UJfSj 





’agt* * 1 


INTERNATIONAL HERALD TRIBUNE. THURSDAY. MAY 19, 1994 


inipiUii • 

JEW N 
: spa? 
iar an- 
render 
i :a rci 
um ci 
]gci pi 

n Idle 
iiraliai 
u. fror 
The go- 


NASDAQ 

ix. w * J, Wednesday’s 4 p.m. 

j Jy. a,, iis , jst compiled t>y the AP. consists ot the 1.000 
1,1 ' ost traded securities in terms of dollar value. It is 
updated twice a year. 

i? 

f# 

ijMonih ~~ 3v ” ~ 

Kt-toan lo* Mw* Dfe Ykl PE 1004 Hlgn LovuUQioaCh'ot- 


■T>UW 0 AAOfJ J 
WJD%I2 ABC Roll 


SvaI’.M'.-AVto 
rtlll to li'.s 4kmt« 
13*73% It AlbarK 
ri*’,< »WA**toS 
174 U’-J 111? Alan 
b 78> <?3 Aieyfild 
rn- < *'? AiutR 
l 3T. li-eAHASc-m 

O' .11 74j4liffiPft 
T'14 IP. AtnSi’rni 
AtM'-j IlfeAlftJCf 


11 31*1: AlldGP S .MJ 7 A 7 10J 25"l 24to 25, 

n <3l42?< : 14 AikHldj „ 10 I IS'-'i 18"? It 

^ l'.0 V t n l . _ 1KD J". IV, 3 


- '0 i 18% ia-*j I8W 

h i-..ahj»»oi . _ urn j’-i 2fe 3% 

AiDhoBra _ _ 253 13 11 fe life ♦ ■.* 

3n3»“. U'vAllera 78 9545 34to life 33% *1% 

JtfeSi's f'cAlIrans . 14 BOO IS". ll'l li *-l*. 

, Wl-to? I7'T AmerOri Olo _ 113 2344 e» 66': tffe ?2to 

li »’»*'. 91". Aailkr 40 3.1 8 477 ZftoajlW E * to 

.UKTOfe 13-jAClQSVor .1 4 1 0 43 9t IS'1 IS". 15% i % 

tlSlm low *Cc4an3 4 J4 IJ 19 31* 1SW UW 14 .3 —to 


£<*21*. UfeAmFrws ... 32 55* 191. 18to H'« < 

dt£_ WNJrit-yMis .50 1.7 1* 1856 TOto 28%TOto*l", 

£**?«': IltoAHHRcps 15 TOSS life d 91; IOto— 

C 14‘fAMS ... TO 737 TO’., II’. 33 — to 

J|4fc 17*31 t’.AMCdE - 1J 1531 Bfe Tto 8% ♦ fe 

5W77 18 AmMnSol ._ „ 31 19fe 19 I* - 

, 16' rAPwrCwS _. 3319341 19", 18% l«W ill 

I'.ll. 23% ISWAmR«la .. 8 3990 14% 18% Ufe - 

,.iSj 391. TO"', A-mSuor . 395 30 TH’- 30 

'if 77 JT/jAmrele 187 If- 10% IS to * to 

r®514'. BtoATrpwf . 10 ?n 12*. 1 2 •-> 1 3‘ 1. - *1. 

' 5-2 16fe 9 AmerCas . . .. IS3 Uto 13lt Uto ♦ to 

tff *2**. HfeAmfad .Mo .9 30 378 ir. to*. 21% — 

5 B S3 31 Amoen _ 17 30323 Wi 44to44to*1%. 

51215 5 Amrtans .. 34 *63 91. 8W 94* . | 

CtiaWla-rAmlcCDS .06 .4 21 1088 I8‘« I7W IS »■-. 

I TiriOWll' jArtdiBcn ... 8 9*2 13 12". 13 “8 

1 13*171. 1 OfeAncTlGm _. -. S2 15 14'. j 16fe '-j 

• (i. 39-0 141. Anorew-s . 37 I6«» 36- ■. 34W 35W .fe 

- 1-:21».13 Andres 8 854 15V. 14’i I5W r i 

M' j »8 - 1 arte-: _. ... 848 E . I0fe 21W ♦ ’« 

S9'*32 AoBleC .46 1A _ 108*5 30fe 39'-30^*7'.l 

77fe Il'.AptSou i .17 1 43 177* ZJ’-. 33". 73'-. .1. 


1 niil 7 W 10 fe AntHGm 
' (li 3*"» 144-Anorew 
- l f :21‘.13 Andros 
1 J i.30' . IB- iamiv; 

>1 S 59- *32 AosieC 

A;; 77V. i3*.Ap15ob 1 


kiSV.lO'.ApletM'S (M J 31 1740 IS’-. 14’. is 


SftJ5 HfeAudOgM 
fi>33 SfeApalnavs 
V 5? ?4W AbUMI S 


_ _ 1701 21 I8fe »"> 7 I'. 

.. 42 B7T 74’ . E'l M .1 

_ 233*56$ 45 42W 43' . t 7‘. 


1; -l'., 15' VArtwrDro ^-4 1.4 13 806 1441 m 14V. l*a,. 1 «’„ 

*■ 25 I2>'. AnjortHI _ 26 368 22 fe 23 K" — 1 

, I* ID ArcfiCin .. _ 242 14V, 14'. MW _. 

3Sli2*'-.AfVOi5P 1.16 4J 8 27 27fe 27fe 27'. — W 

JJj* i* ; . M'.ArnOSV _ SS 134 1B'.« 17'i ir*i —V. 

li 151. B'.ArKBesr .04 ^I0>I28C II'* 10'. II • 

P-Jsi’.l* Armor A4 3.2 IB 3* 20 19V. 19fe 

JO*. 32V. lJ'e Arnold i 40 2.1 16 3* 20 H'i H' i 

|9fe M' r SfeArrst! 23 *395 17fe 1»W >7'* 

Ml 13'.'. »'--.A]hwntl - 27 1*85 10 91, 94.. ♦ l. 

fr *0 |9'.4uKfT1 .. 22 3)62 ?S 25W 28 i2 

47'd 34* . 17-. AidCm A ...1188 4 231. 73V. 23V, , V. 

If *■ 331. I6'S AjoCmB _.II1J 510 Efe 22-4 22". — It 

fc%20‘«n Arlocs _ 15 71 17'.i I4'a 1*’. — fe 

Is'- 31- . T 7 '* AilorlOF _ _ 1148 31". 31 3Wi — 

h. 39 JJ7.AU5*Air 32 >J 17 1*7. S V . (M't 25 1 .. _ 

411,27 10-a Almas ... 2*10763 74 J2fe 73 ♦ fe 

>'* Za'rli'.AuBon .. 31 301 19V, IP. I9fe . fe 

ifn 4V.AbroSv - - 2417 7'* o'* I* 7 — ’7e 

?4i{ i4'.. isAhmi _. n *?3 5 d 4w 4>-. 

3J. 1 1 1.37 AuicA AS 9 21 2774 51 W 50 51 W * 1’* 

(iV 14' .22>*Auiolnd .. 20 10*8 38-. 2«l. 28- • . I’m 

«fi79-.l3 Au'Ola'S _ S3 3444 19": law l« '. 

17t> 39'.. 16 Avnjrcn ._ 28 14*0112*' > 28 7BV. 

_ 

U 1 * JiAi 78 n BB&T 


i* 1 * J4V,78feBB&T 1.08 3 7 * 1740 29'. 28 V. 29-* * 

K*. 35- iirWBHCPns .08 7 8 TO IJ'-d 12'.. IS'a— I 

2. '74' : 16 HISYS ..60 78 1* 181. IK. — fe 

JjN 71 43 BMCSII . 24 6390 52 50'. 51fe > I”. 

301 1 tVBMCWIs . 21 494 28'-. 7*Vi28'irl'. 

»|WZ7'.41S BWIP .40 2J 102 4*54 life 17 17fe 
At 30 SWBQbooe _ 18 332 10fe ID". I0W —'6 

r£ 25-. ISfeBdkerJ M J 13 5*05 23V 31*0 21*: 

*>74 IDV-BoivCm _ _ 790 141* 13fel**-,. * l’JA. 

?;• 32W24',BnnPiTiC 1 00 31 10 205y32fe El. E'.-fe 

r.r-78 S7'--BcOnoelCl SO 57 _ 715 61 60'. 6l -I'* 

|> 45-s. 14 abndi;aliC .32 r * .. 1701 )7fc. 35"* )7>h . IW 

if. 24fe l.-'.Bnndcc _ 16 1038 33 22'. 71 - ' . 

fc 2OA4H-.BI.5win 44 JJ 17 1118 19-. li'" 19 l j 

nVM'.Boma 57 I 6 1* 7J4 33’ . 32’ . 33 —V. 

>• ,’6's I7’iftlnvnSv _ 116 224* (5 14'. IS . ». 

fr 38 E'.Borerr . 29 JTB 15 "j 34*. JS'.« -l: 

*■ lS'fe *’.B<in:«»6 .. 29 |4S7 I4-. U>*, I3".< ri„ 

H 7 S’.iolTvcn 1165 4 3% IV. , v„ 


KnhLBWf SAldi Dn. Yld PE 10te HWi LowLcIcsjOl'pe 

14 VS 10V.CAI Wrc isa II II iT" TT 

EW I7WCTEC _ „ 124» 26 24V. 34*. 

iQVt, 4 CACI ._ IS 351 10 9fe — *« 

32W2SHCodbyS 1.50c 531130 800 3fl‘1« J9*. 20*. • 


111. 5ViCnen> _ .. 

1 7fe 10 Caloene .. _ 

23 7H?alMD -. 37 

3t'.i6 Cawta: - 10 

M l7 , .vCwr«*A _ 1* 

CVS9U Canon! J7e J 43 

30 1 jfeCaroustr J6 2J 14 

50% 25W Cr»*ll1 .13 J 39 

21 i6--.CarearHz ... _ 

14- . BW Caroline „. „. 

IB' i l<5V.O»sPlr _ _. 


_ .. 606 7V, 7 7'i — v» 
.. - 15312 12V. 11 ll*w r", 
_. 37 3784 |9'-j 18fe 19fe ♦ »» 
_ IS 42$ 30*4 19% 30 


_ 18 625 »»S 19% 30 - 

_ 1* 91S 23% 31 to 23*4 1 2% 

J 43 * fllfe SI'. 81% .*5 

J 14 9* 1* IS", 15to -li 

J 29 *35 48 47 48 -■% 

... _ *34 195, 18% UW —A 

_. „ SS lOfe I0W IDto •% 

_ _. 195* 16 fe lot-: 16*9 rVi 


13% ,'feCaSCYSS M J IS 1977 JO’i, M>% 20% — ’ 


_ 25 3SS7 14". 13% 14% • 1% 

_ . 355 17% 16% 17% -% 

.. IS J2? 23 li 2?fe 23". —’a 

.7 10 3816 19 1*% 16fe— 2 

.. .. 265 15 14T» 15 — % 

_ 32 5*4 3a 34% 35 % —'1 

-.3* 7780 411. 38% 40V. * 1 % 
_ _ 994 1? J . 17 17to 


-W-3?rjOHI2 ABC Rail - - 355 17% 16% "r* - . 

£1 Jj jo ts ABreid . IS £& 73% 22% 23’-r — 't 

N J ffi,j6 , -.I0’ :ACC&» .120 .7 10 3816 19 16% 16% -2 

c3 itiM «’■. ACS En S .... 265 15 14S» 15 —V, 

-S-j|Sa6%30WAO:Tc „ B 5*4 3 a 34% 3SJ. — W 

{*■44 JI' .AOCs .. 34 7780 41'.. 38% fflJV. . 1 % 

t l’%7'.. 11% AKChn _ _ 994 l! 1 . 12. 17fe 

,2Jfe 16 ASSOS 681 3 9 J7 3«1 17% I* V 17% . "j 

V2S 19V. AK Sled - _ 5538 20% 20 -J* 

VlV-t 1 S'.<* APS HID _ 31 761 20! a 19% 20% i% 

isHrv, *%ASK _ - 1455 9% 8'* 9 , w 

f UtoAST .. _236» 16% 14% 15% 

% 17 V; Abbey H - 27 268 20 19 i 20 i% 

■!. 12%Aaarfn s -. 16 6826 14% 1 JVb13‘»i. — 1-1. 

% 13 AcnwMCI ™ 13 135 24-. 23% 33% 

Vi4(20": BViAocI _ 31 911 9% 91. W. *% 

W»ft5-.. TfeAdad-b A U ! 147 10 9% 10 

T ifc ? OT% OUAdwes. . U S-58 life 15% 15% ._ 

‘ihgwia Aa^in ... - tp low io iow _. 

|3«7%I9WArfoSw 16 A 20 131 37% 35% 36% — 1 

,!m; l*%Act)DcSs 310 .7 24 TWO 27 25% JSfe-* 1% 

Sihaii SWAdvP'a _ _ 407 6% 5% 5% —to 

s ViAdvriss - - 1940 Sly s-v S’* 

S , 4*fe24V.A.*,onlos JO J 19 3335 39% 38V. 39' , . - . 

adJl?138'i 20' .AdvoniB i J4 J 18 2512 35 V 35 -V. 

- .’JI-IS 7-vAnncyR - »7 IS4 13% 12% 12% — li 

ISljWjl*** 7 %Act« 339 .IOC .9 — 935 11% 11% 11'% -ft 

jlgtAfe 7%Awm _ - 98 1J ITt 13 *% 

a^iST. 1»* Airwein _ - ei9 3. 2% 3. .% 


25 ia%CasAms 
36 v CmaioOi 
28% "i.rosMiigs 
25 7%6»1 IEs 

19% 9 CattiSh 
74’ i 9!5CotcCP3 JD 
19 12 CdlQOon 

34%nv.Ole5id 
36% 17%GeUPra 
20to 9-»Ccu«ar 


-. 18 92* 21V; 20% 2lVl r’i 

_ 29 530 24 23 24 - 1% 

. 9 *60 9 BW 0W — % 

, 2 307 11% 11% life — % 

_. II 643* 10V: ID 10% 

„9 IS 748 life II life _ 

_ _. 159 l*% 16 HI* 

_. 21 29S 24% 23to 23% — fe 

.. _ 200 * a% 71 % 3 % * '• » 

_ 14 377 11% 10% 10% — 

... _ 2H 4*fe 46 46', —V. 

„ „ $61 73% 22". 23% * 

-.11328 121* 8% 10%— 1 

_ „ 1748 70% 19% 30 -% 

_ . 604 19*5 19 19% -Vi 

_ _ 22i 10*. 10\ 10% 

_. 70 8882 23fe Wfe 23 <-3% 

_ ... 2877 121. IKV 12 


4S% 19'.-*CorKQjl _ „ 12« 20% 19% 70 -% 

74', 12 to On reel _ . 604 19% 19 19% 

11% 4ViCoiTXTI _ _ 22J 10*. 10 v 10% 

43 16V. Can la rm .. 70 8887 23fe Wfe 23 »3fe 

IPv AfeOntocor _ ... 2877 12'. IK'. 12 

32'.125toCH<ffik 1.12 3.7 II 534 30*. 30% Mfe 
19% 9 Ctpnvi _ .. 2474 13’y 12% 13 *1% 

49Wi7%Cerner . » <« 3i% 30% 30-..- ■ % 

36% HfeCBOMKar .43 e iQ 21 249 alii 21% 71% _ 

18". VfeChWrtStl 09 1.0 13 6154 9fe d 9% «, — '.i, 

35 17 QtlOtiPS AO 10 8 2363 20% 19% 20". ► % 
161a 4feOi«*r55 - 26 IS3U 5% 4% 4% — % 

34% nwchescv s „ 31 Jta 17 16 17 »W 

19 8 Ovens s - 19 59/ 12'. life life * ■. 

Aa' ,34toOWJCom _ a 3914 39 36% 38% r IV, 

7% 3%OliDSTC — — 1035 4'-4 4-.» 4% • V u 

9* UV.cn iron -.110 *325 67fe *6% 66% - % 

21% 4fe43imrrTCt 9 - 70 370 M% > J % UJ-f— ! f» 

-23'--* IS Odeo - .73? 16% 16-.. 16% —to 


1.6°e 2.-> _ 366 58% 9% 9fe 

_ _ S? 14*. 141. Ml. -Vi 

iOe .4 I] 28 22% 22V. 22% -fe 

_ 34 1*91 17ii 16V. J7fe*n* 
... 36 1834 79fe 28'-. 29% .1% 
M 3 A 17 441 24% 74% 24fe * V* 
_ 27 1015 12'fe 13% 13% —la 

_ 15 1053 3 J'*fe Tfen - -fe 

1847 10". 9% 9% i Vt 

_ 17 W63 13% 12% 12% — fe 
.. 71 2S7 22-Vu Z2% »<■ _ 


61% 50 OnnFin 1.28 IS IS *171 S2*'. S3 D% -fe 

34%74%anlos .17 5 30 1*0 33 31% 32 - to 

I7to 8% Orcoti _ 14, 1« 10, .J ? JO 

44%lpjGm»s _. 191D922 33'. 30'-* 31 /■ 

«DfeTO%asa>s -. 21 9959* 24V. 22V. 23% -1% 

2 H 9 □interns 33 251 16 14% S% 

31% miOuOCar .. 51 14V, 13% 14 — % 

42 20'ySlHWi .. 31 1175 J? 30 31% • 1 % 

3* 75 Cotao ... 23 2162 39V. 78 TO’ : — % 


Jl%17%CalLWen - 55 79* 23% TO% 32’ i 

25% 15%OvBais *0 2.4 7 1119 21% 70% 30 ’o — 

34% 17 Cocnalr 94 IJ 13 ?5« 18% 7% 18% +> 

TO% 12' . Camesl & 4W J ._ 2168 16% l*% 1;% ■% 

7* I'feCmcSPS 09 .* _. 643* 16% 1* 14 - 


21% 13-yCarnmnci 


_ _ 911 1*% 15% 16-.. 


33 27 CmBjMOs AS 3.1 12 TO 32% 32 37% -% 

20'-,17v.-CmcPdl . I « 21% 2'"* 21% *% 

26 llfeCnmWSv __ . IB 168 33 22% 22% — % 

2*Vj20%ComnBn.; .92 3A 10 ^7 25% 25 15% - 

18% 9%CmprsL _ *8 «1 12% 12% 17 8 • % 

6V, 2'lCmoh-, _ - lg 4% 4% 4% —to. 

r-,. 3-i.Onocm .. u ffl 5% s% s% — % 


*87/ 20*. ll'.Bt-Swin 
Ij W-.: 26' .Bnnta 
f9>. 74% ir-IftlnwiSv 
*fr li. 22% Bareli 
iitC 1S% 4%B<in:W»s 
41% 7 2'«BalTcO> 


wfr 59’ . 37% BavBks 1 AO 2 4 IS 140? 59% 58’ , 58’. • % 

Jr* 35% 18 BcdSms ... 43 8395 ?B'j 2S» :?r-„ . 2-s„ 

3 S S7to 38 B -.489 - 15 * 51% 5/ 51fe— fe 

IJ". 1 5' . *J.B*llMic _ 23 703 13". 13 13 

<P 49'., 25 BoUSU - 24 3359 37 % 25’a 7**. -% 

<%« 9’.. S’.BftrtlCr _ 436 6'.-. 5% * — fe 

1^4$ 17 BArVJev .4* l.l 1* I 39 39 39 

J* 14%e>irod . 25 520 17'-. 16’.y 1*' » - '.y 

JJ4 29% I J- . BesiPm- .. 11 *9 15% 14% 14% ... 

J??. 13% 9feBmBs .12 1.1 14 920 life life 11% -. 

«.J 57%3P.Blooen .. *5 4459 34% J4% 36 • IV. 

4| IJ'.. ?fe Biomcl 12 164? 10% 9% 10 

3 6%2"'i» KoTcG - _ *03 3% 2% 3 

lii- 33% 76fe Emailin'. 1.24 3* Ml|205u34% 33% 34 - % 

iK 33%l*4«B«iEm 27 IJ IB 194 30% 71 i 30% -. 

J. 25% M Boat Mill - 24 4 IS 21% 20fe 20% .% 


3i**3r-..-3 Bfonirwn 
IS. 27 OV* Bo rind 
21 * SI 34 Bctnin^ 

Sfr • '4V. »%ensiT^ 
J?f!.l4'., 

46% 151. 3’ier.lcV 

{ £ '53% II BrdtxfTc 
3 . 59% 31 % B.OOSI 
v. 21V. 9V.BreGanr 
fr’irfe lOfeBrTom 
W . 17’.. 7 "i> Brunos 
7jS 2n:17’..BohelS 
jffe 18% a-YBuilrfT 


1.24 3*111 1205 U34% 33% 34 - ■% 

27 I J 18 194 30% 70-1 30% .. 

- M 415 21% SOW Wfe .% 

„ IS *19 17'*. I*% 17 — % 

_ 18 3077 10 »■ , 9% —3* 

.. Ill 451 37fe 34fe 37 -i': 

3* 86=2 life Ul% ll'l — % 
_ 10* 177* IO"’.. 11/ .. 10% 

_ * 17*0 10% 9>, 10 

_ _ 2794 17% 17 17". _ 

. 25 35 1? 29*. 30 MW — 

. _. 226 life II life , ", 

. 322 404 13% 12'. 12% — 

J4 3 I 14 |4?7 7fe 7% 7% 

.. 2? 2323 1? tefe IdT. *% 

... 22 1S2 13% 12fe 12' : — fe 


151. 9%ConcHld 
54'., 38 CanPan 1 
73 13 Conti Cl 

23%14%Coor%B 

01.31'ycopirt s 

70*. 8’»Cirt,v7el 
18 7%CarTher 
19% 12toCor&uW= 
54'** 34% Cordis 
23% 7%CoreiCos 
26 i2feCaWmag 
i«fe 6-'.CarOCp 
37% ISfeCOtrCp s 
53% W%Cow-rihv 
34'.i 21' .Ciirfin 
37% TOWCroatn 
39'.. 17'. iCrTOlLI 
78 10 CredSvs 

26 1 5 V« Crd Aco s 

16 BWCrosCam 
39- .ao-.'.GulInPr 
55 TO'.CumbPa 
28 15'iCuSICn 
75 la CvoncC 
12% StoCvnnus 
41% ISWCrr.rCo 
35i . 10 Cyrk 
8% 4",.C,rPv 


n 1$ DFB.P 
7% iwnMAPi 
73fe 16% DSC 
TO I3-..-DLC Irrt 

19% IS'-.OSPCp 
31 7toDvnarK 
46'.,22'..DJn6.0 

17 12 Dotsai 

77 27V.-Ooup nn 
37 15 DavdsnA 

TO' . Bfe Do/Pun 
33'* H'SDevYv 
24% 13’ j CVOOul 

18 11 feDiflcsnd 

36 22 fe OklbCkt 

34fe 13.Dell-j.lr 
22fe IS> :Detrtfia 
47 31WOen:spiv 
25'. W.DOSlWlSS 
77V, 9WDn>Poe 
32% 12% Dfereil 
34% 13 DIQllnrl 
20 12* rOrtlLnf. 
30 8 DiQMk 

J9%30 Chon*. 

M- . 13- iDiScZnes 
27*i 1 » DlrGnis 
35fe 1 1 • .Dont'erw 
77*. 14' .Dovalm 
15' , lO’.DresB 
J1‘ :2l’.OrevvrG 

40 I4-- Dieocrt: 

TO 14*. Duriron s 
33-.. lS%DvichC 
78’-r MfeECI T1 s 
34% 9%E)lAPIs 
J4% IlfeEglHrd 
41'..z*- lEamVan 
48V, W.EdcAn 
II 6feEa«nead 
17 * ElcSci 

35fe ISfeElclrqis 
42 17'-.EIcfei 
2DV.13V.EP1 
1 6", 1 1 % EmmlsBd 
1 1 *. A- nEncod 
17'-: 9 EnalHni 
TO 1 .- B'.Env.ralsr 

life 12'.Ecrtvinn 
60% 35!y|r'cTo< 

71 w . E-.-niui 
?2’y T'.E.abvie 
34fe?l-,E.or 
lV'.i;>.E«plns 
66% 24 E •aScnl 
?4% Ifl'.ElCOro 
30 18-.FHP 

JI'.lT’.FTPStl 

31*. 17 FrmHms 


T 14 350 11 9V, 1 01 : — J. 

178 i3 7* 4S0 39% 38 V. 38% — % 

... 89* 17'* 15% lefe ■ to 

50 U . OS 19% 1* 19 

-. 2* 332 2*% 25 25to *'* 

._ _ 8*5 11% 10 'k life ♦ fe 

_ 575 9to 0% 9to — 'k 
... 13 5B2 18fe 18fe IB’i — 'k 

_. 21 279? 50% 48 50% * 2fe 

.. _. 3205 21 TO Mv. — % 

_. 32 31 I? 16W 16- : — W 

40 261 14% 14W 14’- - -k 

08 -. 47 6731 l*fe 14% l6fe .% 

... 27 1841 48* -t 46 V. 46fe— Ife 
.02 .1 3013*48 25to 23w2Sfe-l'’. 

.. 15 1*9 37 fe 37*. 37fe - k 

.. 13 6*17 79 36 39 ♦J'k 

_ 38 1296 21 fe 18fe 21 * 7fe 

_ 31 49 21% 20fe 20*. 

_. 19 Sll ■ O’. I0W10‘V« -. 

A5e 1 J 10 X16 36fe 36 3ofe 

J88 1.* 13 OB 5$ 54'.-, 54'k ♦ S 

.. 33 152 25% 24% 53* •« 'to 

... 21 CC 20% 18% I9to ♦% 

.- -. 9S 77. 7to 76. .% 

' 34 I ’67 ?J' j 23 23' * < fe 

. 15 2008 23 72 22% — ' • 

- -■ S>2 Tk 5to SI. 

P-E-F 1 

... 38 354 M', 24 24% rfe 

_ . 137* IV 4 4Vh • % 

, 33/5389 SS'k S5to S7»i * f’. 

_ 14 IS 74-'i 23V, 24' 1 « 1 % 

_ IDO M I3'y M >'1 

. 21 1345 IS'A Mi. IS -fe 

23C £ 35 '341 40% 39% 40to -'a 
13 366 14',.- M 14*. 

S3 1* 12 4*9 25 to Mto 25to - 

_ 43 7 18% 16% life ■ % 

_ 1* 275 l*fe 15% i» 

_ 19 254 27% 27 27 

„ 1 6 650 ISfe 14% I4to — fe 

_ 14 19 12% 12% 12". . 

SO 88 S3 33% 3? 33% ‘fe 

_ ...101*9 ?4to 23% 34 —to 
_ _ 54S 17% ISfe 17 ♦ 1 

_ 27 E4 35 % 34% 35 «'i 

44 2708 IS 13% 14% . 1 
_ _ 363 33 , 30' . 33% alto 

.72 4.6 5 353 16% 14% 15"i, *V U 

_ 13 2I« 13’; 13 13% -. 

_ _ 50B It-'.: 15V. 1 6 to - H 

-. -. 2141 9to 0to Ofe , fe 

.. 1* 68 33 % 33- a 33% < fe 

. 102 10’8 15% 14% IS- . -to 

.16 .6 27 3I9» 26 25%25'-.u —’to 

15 787 34- . 7J‘i73i-,.— u 

.. . 1087 27 71 21% -1% 

... 14 I44J life II life - '. 

24 1.0 21 882 33' : 7?- ; 33% -fe 

_ 29 679 36V. 35* , 36% • I 

.42 27 17 2367 I5to 15% ISto — 

_ 12 10SS 18'. 17% 18 V, -fe 

_ 2IJ3949 J*to 15'. 14% -to 
_ 10 611 9% 9% 9fe -fe 

_ 28 M7* 14". 13 13V. -% 

AO 72 8 57* 37V, 2*to 27% . 

_. 40 1 058 14% 12% 14% ... 

. 63 364) 7% 7% 71; 

, 8 566 9 to 9% 9V, -to 

-. 14 909 33V. 31% M'r ’2 

... 22 6816 19% 18% 19% -’> 

.. 13 1353 15'-. 14% ISfe -to 

_ ... 22 l2'-‘. 17'. 12% — 

- 12 230 «% 9'., — »% 

.16 16 9 i?7 10 9% 10 

_. 56 1237 18% 16% 18fe - I 

.. 44 2179 17% 18% 19'.. ' 1 to 

.- 7 36 17 16% 17 • V. 

life 12% 

47 fe 49' ,, 1 V„ 
16% H% • 1 
14 14'. - fe 

74% 24,. • 

»*l, 17 

99% tOto ' Ife 
12'. 12% •% 

21 73’* ‘ Ife 

19'. 20 
3|ii 32'-: 


- 12 230 9% 

.16 16 9 i?7 10 

56 1237 18% 
.. A1 2179 17% 

.- 7 36 17 

Jj*e £ _ 14 12% 

■ 60e 1.2 64 6636 49% 

.- 45 41 17% 

. 19 3*91 Mto 

... II 99 75% 

.10 .* I* 227 1» 

- 49 229 61 % 

_ TO 685 12". 

_ 14 318S 23 

„ 31 2009 20'. 

32 1.0 19 S6?u32fe 


18% 6toFesiCm 
J9fe2itoFasicmi 
iOto 12to Fidd W,' 
55 45 RtttlT 
18% 7TaRnqleA 
29". IBfeRteNol 
17% 646 FilBsml 
56% 42 FlrUor 
25'.il7feF5l.«Jcr1 
34% 77 FtA7n 

26 IStoFColBn 
3lfeZJ%FComC S 

27 l*%FfFM'S 
19% life FIPnCP 
29V. Z3to FtHcvu 
27W *%RP4N r.v 
17V. life FsfPolm 
30 fe 73toF5*cCP 
43'VJ£ , vF4IT<m 
23% l7V.Flsenr 
73 17 FlC.r 
TOto 12% FooniCA 

7% StoRJUOB 

7% StoFdLMA 
38li 30' i For Am 

6 3% Fores to 

33% lWiForttB 
74 V. 8% Fossil 
25 S iDSnfl 
12$; StoFramTc 
32W19toFTSHCnc 
33fe22WFril7 
<21. 31'kFolrHB 
TOW •’.Funco 
15% SfeFurunHls 


P: 

rw PE 180. 

I 7 1126 

.1 4b 2003 
_. . JSO 

U IS Z3?2 
6 7633 
.. ji) 3001 
... 388 
J.4 II 191 
.. _ 601 
3.7 8 1352 

24 71 40 

3.4 8 1375 

7.2 ... 6*5 

15 8 M 

!’ Si 

... _ a: 

14 12 2'3 
4.0 10 136 
- 75 10*1 
■ A 70 10 

_ _ 64I 
1.6 J88 JS7 

16 27S 539- 
3 6 II 43* 

_. .. ?4J 

' 1 26 3527 
_. 6 ■n* 

400 
38 822 

_ 21 49 

l.s r 690 

— 117 *00 

- r x*’ 


Hlgn i-JvrLHeSI'Jt'a’ 
fc.-i /‘a B'.r -fe 
33'. 1)%11%-1 
19V. W l«« - % 

ill, 53% 54>t 'to 

a,.. ««, 71; — % 

37 ;*' . 3*-'« ' 

gA, A 81. ' 'i 
1* AS' , iS'-i —v. 
21 3 23 ■’* 

31-» 31 51% -fe 

74% 3ife- i<% — •» 
TO' t 79 TO 
23' ; ?3 - . 73% _ 

I* 15% 16 fe 
77 to 2-’% 3'W - 

g'-: 3 9 -% 

17% 17% ", 

78% 78'. 78V. 

41% 41 41% -to 

«... ?8% »/-•. * 
14 13% life— fe 

4 <% Hi —to 

5% S’. 5' . ife 

301 . X’-* 30% - 

4".. 3% 3fe — k 

37 

71 20' : Jl -to 

S’: 4J'< <to — to 
13% ll’i 12% 

35% 74', 34%-fe 

S ': 7?'-* tS'-s <fe 
'.- 35% J6fe- 
18': Itfe lofe— ' 1 
10’ i 9", 10 — % 


8% 2 LTV 
T7-. 72% LamRs s 
J7%'J3 Lan-aslr *0 

25% 17' rLa/KC .9* 
35% 1. toLdml-Gon 
77': IJ LondrrS 
7"’. lav.Lonasir 
18*. 7'-L^srmTc 
2*fe l7",Cot«e'.'T 
?lfe 'I LwyrTiil .12 
34' ; 14'-,LuadrPn 
TO'.M LmaCo 
I* 9 LeOlCTS 
3T lS'-.LtoJWtl 
35". In' : LcvelOn S 
32 17feLi&*,leiJA 
TO’ -. 63 Lip.voa C* 600 
70 BloUaUSA 
77 15X.UU-, I nds 40 

lJl’ie-’toUnfird 
2 S’.-t 13 Uncart? s 
TO'i ’J LincTli £7 
J«, 76' , Linear Tc 24 


B.pi CiUoosm 
Ilto iWLoioO 
17’. 10 LoanEnl 
77% I '% Lov-wr-n u M 
aifeKtoLneSSn 
Kir e'-.LmSJP 

is%3bi;tsr ,E 

Sr.lir.MBCwn 
TO.ritoMCis .10 

STfeMfeMFSCrti 

6W J's/WHMfVt-r 03e 
8% iVrMKGold 
26'-, 18' . MS Carr 
13s. I'aMTCEl 

11 lO'.IUUKmnld 
19to 8 rAoOn? 

18' . 4 McoRtr 
4U'„29feM(«rnP 

7C’ - , IP. Alaloa .7* 

14'.; 1 1 ’ j Woiri' IcB Ml 
27!';I9 J .MCpJl»3 
24' . ?• ; r/.ar.:om 

10 StoMarDrl 
77% tl Manner H 
31 V. 3' : Mk.T'Vns 9* 
25'-: 8 MarsCT* 

3S lBfeMorfhlt- .60 
23-to IS 1 - fAoalGnd 10c 

12 a r.ian>Srf 

ISt 7’ rdlO-^HB 
5i'i78 A’.o./nt 
0% 4WAAUVX 
57 fe 40 McCav. 

?*■■ .3*1 r.VCo 48 
28', 1' ‘.toOTA*’ 
it •. 5 .Mc-aor 
4*'; 3' J.VAjCVsn 
10fe *’ j,-.\e-3Cmo 
34 >.19' . '■.V.-O'.’Ti AS 

27 S-’ ,A‘«SCU$ 

TO'-.- 1 1' : M*ds*0' 

19% 9%Mt?cnrT3 
23'.- HJ’k.McwoieS' 

14* J Il'lMtAWt 

I7>.:a .-.uintrr 
1 'Vi Sto/v.rr.KW 
21% ir..fAr:Br s AS 
M*. * to. Mercer 
3T% 25’ .- f.VircGn .TO 
23 W 7 ASercMr 
34 -j .WdrtBc 1.36 
33’ : lOtoV.erlsei 
33’: IB Vr-ril7=' .1? 
34 io' . MesaAr 
12 » s>..v«?r-an' 

17'.. 10'. V'.-mdA 04 

34 ? Ve/rcm 
35' ■ 12 .V.i'rccan 
4*'..- 75' .f.-j;h jtr 

72 S'fe.ltocnrn 130 

28 Vfe.V.icV/cr c 

37% I'y.-.wir: 

31 to (.'iMMTSrtPS 
7fe I*.-r,-.^rc 
I’*. i'lVVTtl' 

Sfe i'.vJcroo 
TO’ : UfeMiCTSS 
TO -o tof.'icsn 

11% 4' : .V-ertTM 
34’m 3S .'.'.40.71 
S5to 12'. *.vd*n :■ 
:s%ia%.vidPn 
#M''.f.'diCP 10 c- 

35 a'-* r.’.llrHr S3 

26‘ . ia% VJcmir 

75 ITfehbltKSr 
TO lS':lWa»T*i 
Jlfe 19' i.'.lcc.ne S3 

11'.; 16 .-.\iSni7V, 1 - s 

38'. TO' •T.VMe’r .04 

V*>. 7*' :T.toW'-A .34 

31 life r.ielKe M 

31'. I6'..VoAIi’S! 1* 

H'i 3- i.'AjntPos 
12% 5 rAoscom .04 

15’. /'i.'.'Clte; 

TO’ : 27 .Mult -id n 


20% ^’.VGWIS 
21% HWOPFnd 
41% 7MCTI 

72 awoaey 
4?fe 24% Comer 
l*% WfeGosonicB 
23 UfeiSotuFA 
34% UtoGareJOaO 
13V. SliGatur/Fn 
36%% GnCrtu 
32'-. 14’toCnNutr v 
37 9 GencTT* 

49to30feGer*cllnsl 
3lfe lQtoGertsio 
35 1 -, I6fe Genic* i 
5% ItoGenus 
J9W 74 Geravm 
17% SVaCwTk 
99 TO Grrn5w 
23% ITtoClbsnG 
38W l9V,&4#.ev. 
19 afeGiieao 
SSto laWGIenoyrs 
life 7 GOHI09 
20's SfeGoodGy 
21 1 1 GdvFom 

36*. WHGouldP 
IJA. 6' jiVdlfPOV 
36’ . IS’ .&rnw; 
l*c. IJ'-iGrtFnd 
14V. rvkiXLVeAu 
13% ISfeC-r.trrtld 
4 -to JtoGrosirm 
1S% 17% Grvphon 
Wfe TtoGWAlS 
28fe 19' iGt4l50U 
31 to 1? Quota 
S' : 34V.Ovmteee 
30% lOtoHBOs 
29 I8V.HSR44 
40fe lSfeHoBBQr 
33% 13 HcmlmBc 
Mfe 17 ’. Ha.-pOp 
37 to 3 to Han, I pt 


25V. u HeanTc 
TO'.av.HrlindE 
16% BWHangA 
TO’i I7W Helen Tr 
21 MWHcrahe 
12 7% Honan 

13fe S ' .HoCnocr 
32 to T'.iHlywdCc 
33V. 7 HollvwdE 
35 IS" ,.Hl»dP>. s 
18*. 9’. rHomcrM 
39 22' .HomcdC 

20% 17 Home TBs 
34 34' iHan'nd 

24’: IJfeHomDlt 
IS' 1 lO'-.HugoiEn 
»%U HtmCcn 
25% ■» HiullJB 
43fe 1* Hun lea 
?:* 1 30' .HunlBn 
41 19 Hul(d*T 


&-H 

„ 19 273 IO." 
J0« 1A 3833 W% 
_ 10 7 life 

>. li 6* 17 
_. 40 SOI 3t’.: 

150 M% 

.. 16 >4«: 15 . 

„ « *057 life 

_ 10 ’TOulJto 
.. 37 103 3S 
39 757S TOfe 

- „ 673 9% 

. .. 231 O': 

_ _ 2608 %% 
„ 38 T744 77' , 
.... TO3 4 

... 11 14** 7 1 '. 

56*r •>' » 

.40 131 12 M“ S 7 

.40 2.1 110 72) Mto 

.12 £ 19 14*3 73 

_ .. 309 ?'. 

„ T 170$ 4*4. 

” IJ 315 12 * 

_ 30 <77 13% 

80 3 9 17 978 TO*. 

- 725 101 7‘. 

20 9 4..’* 2lfe 

_ .. rru? . 

-. .„ 56' 9 

JM 4 18 1271 19% 

„ _ ITO', 3-i 

_ .. 36 14% 

..27 10 IS'. 

.. _ ej 35., 

.. J7 274 13% 
.. 3* 1654 45’.. 

... 4112180 77’: 

3* 871 31'. 

20 £ 11 141 ;? 

.. _ eu 37' . 

20 1.4 1* I Si li*. 

“ 26 273 74 

„ 18 3172 »% 

... I*1J 2JC« life 

_ 40 1*3 37% 

.1* 1.0 2* 5237 IF: 

.. 13 59? r*», 

J2 17 13 35 W 20 

.17* 1.8 24 To 9 ' . 

40 .. .. 13 IT*. 

- 34 21* 8% 

, *2 1448 TOfe 

. 47 1730 l*'r 

27 548 14’. 

_ 1* 87* 24 . 

.. 40 24® ,5 

.44 I : 77 M li. 

_ 16 4673 I*'. 

_ _ ’Cl'S (?:. 

. - 1*4 30 

.20 1.0 19 293- Wfe 

J38e A 74 <2 22 

BOb 3 1 11 167* :* 

_ 73 ITOi 22'. 


10 10 — 

l«% |9’t . ’i. 

IClto II'-, ■ 'u 
J*’. 14% — fe 

35% 3* 

13 to 14 . to 

15 18% - 

13 13" 1, • S'.. 
12’: 13% - fe 
W : 34% - V, 

19% M% ' IVk 

OQA. 9 — 

42 43’ > 'l« 

li’, 14". % 

74' : 27 - 7 ’ . 

3 ■>. 3 V, — fe 
78fe 39% ■ >.. 
8% 9'i. - 
56% U*, .. 

is*, law — % 

72 77-: -fe 

8!; efe .. 

*4% 45 to ■ >. 
'% 7". —to 
ll'.i llr. .. 
17* t 18 — 1 . 

TOfe 20% — ' - 


13% Uto _ 
15' .- 1$'. .. 

?J%2S*Vu -to 
17% 13% ■ % 
O' .45 -2 

77 3’% - to- 

il 2 IV, -to 
76 76 • '-, 

31% 37 

14'. - )4‘ ; % 

77 — 

73 7Z'i 

TO’-. • *. 
IS 16% -1% 
II Jl — % 
15% 15to — 
Uto 13*. — , 
18% |9% - 1 

9% 9% — % 

life Ilto 
7% 8% 

IP, 29% -V. 
li*, IS*, — % 
13' : U • ---m 
X?>, 13% 

14 14*. •% 

79*. 10 
ISfe 16' . — 

Wfe 19*. —to 
19 19' 1 - ' . 

21*: 31"; % 

TV, 76 -»•■ 

TO'. 02 - 1% 


19 8‘,1-ST AT 

20% 1 1 '■: IDB Cm i 
35'-. lSfeKe.Lbs 
21 ' • IQtolEC Elc 

12% TO-alGEN 
33*6 21 iHOPCp 
34 I'.iUS 
TO' : IJ IMPS 
15". f’-imuLOQ 
20% v, imurrPsp 
34l.l7'..lnv.'ner 
a*. 10'.;lnacom 
39fe 34 I na 80s 
35*. 1 S'ij Intnflra * 
24' ; if'.InlaSctl 

44 v. i;*:imoRfcs 
77' . U' . mfprrru. 
?*'. 7felnpuis 
1*": IQ' -inlilTc 
4Sfea msAui 
20% 9V.lnle<tOrc 
34*- 6%lniqOy 
27>.19%imSi&/ 
14", 48>* Intel 6 
TOtoll'klWUl vit s 

28 12'-. InlelEI 
15% 5'.(n(NIw<< 

17 9%intrtcln 
lito 8'. ; Inlqnb 
17' , 2*’ . InrjHll 
2* '.a Inlenm 
«% J'-lntrv.ta 

18% ev.lnirCm 
*' . T’.lniCcb" 
30*. 8 ' . miCole 
20' ; 1 J Inilmoa 
TOfe 4%intTon: 

IS': 4*,lnlerslv 
IS*. 9%m:ilmi 
73\: 9toin%u<:e 
50 2 r .% intuil 

TO': III. nr-tare 
37 «*.i»ierfta 
20’.m.J8jSn 
76%:: jsaFn 
19 W B‘,J<XOrCm 
45*.26>.AHrGp 
»% 1* JcnnsniA 
71 15' .juned 

1a* ■ 10* . JuslFFeei 
72' . 1 1 >i Juilln 
45 l4feKLA 
27% 17' jl- ovdon 
79 Stor.et^pil 
KW-SAs 
29% l4WKer>“lecrt 


l-J-K 

_ .. J44- IS% 
.. 41 7850 15% 
47 1316 32 
_ e 91* life 
_ _ 5- S>. 

. 77 745 10% 

. h TO ' -V 

_ 24 a* 72' 7 
_. . 71 «• . 

. ..J05 1.1% 

. IKS Ij*. 
_ 10 90) IP, 

1.16 iO 72 4671159 
. 57 3514 74' • 
- .. 452 li 25', 
_ 19 331 :4% 

18 <022 15 
„ 75 »12 73 - 
_ SO 172 I4to 
. 3$ J6 29*. 

10 w: 11% 

_ n 11500 75% 
_ _ 49 72 fe 

24 4 1127076 59 

_ „ 4J36 14% 

Jia 1.6 16 5098 20' , 
?97 i‘ . 

24 I8W 2x. O' 

. . :J9 

27 465 4* 

. 27 ll’l 74’. 
_ _ 1 1*5 * 1 


15 IP „ 
life 15". 
31 Jlfe 
13% I3to 
8'; a*: 
SI 30*. 

6*’': ^7' . 

~e " *3 

lO'.lO- , 

12-, t 3 :, 

lOfe life- 
38’-' 39 
73 TV. 


7? r TOfe 
II 11% 
15:. 2’% ■ 

w% b;? 

'\:A: 

42'. 14. - 
23*. 74- . 


:ld PE ICO* i-Wih LowLaievlOi Be 

... _ 315 Tto 3% J*k -l» 
. 77 '804 3P% TOW 39%, - Ife 

IJ 19 4M 47 46% 4» -to 

5 3 ,9 St IBfe 17to 10", -to 

„M0 748 3Z% 31 to 33 -to 
. .. *5! E*'. 71% 2 Ife — fe 

_ I! 334 26% 25fe IS", _ 

.. 7C 1513 9". Bfe 9% _Au 

13 955 1SS If 1$W *% 

1 0 7 1487 17 life life r to 
... Z29 23* , 23". 33". 

„ 33 SJ9 16W 16 16W -W 

. 10 1126 12% life US — % 

_ 70 3757 78 26". ?7fe -He 

.. 43 EOS IB 17 IB - 1 

_ _ 711 Wfe 18': W% -to 

_ ... 66 

M 1803 iOto 9*e 10 - Ik 

1 “ 21 224 74% Mfe Efe —to 
.. _ eu 11P, liitoiu*. — w 
.. 20 6099 32'; 21 21% —to 

U 14 233 TSfe 15 IS _ 

£ 32 7746 44 4?to 44 . 1 

.. _ 971 5% 5 S 

.. 838 41 TO BS 8 8to — 

. _ 876 II 1D7< 11 

31 962 E7y Efe Efe • % 
„ 37 4151 30% 18% 70 -Ife 

_ 24 8i 10% ID IOto _ 

33 544 ID*. 9V, ?*. - fe 
... 4036626 56 ! -k 57*,{5'9,, .4V,, 
_. 24 27. 71 20 70 — to 

A M 13003 34 23% Dfe - '% 

.. 1477 78% 76V» 28 ‘ 1 

J 15 857 4’i J"« 4’i „ 

_. - ES P-. 5 5 — fe 

_ 1? *01 IT 1 , 19 19 -to 

- _ 2589 4% 4V„ — t'u 

47 38f 12% life 12% -W 

.. „ 11 ST 12% 17 12"u -Vm 

- - «I Sll Sfe 5% _ 

_ 13 111 11% Mfe 31% _ 

4.2 13 0139 181. 17fe 18 

A ~ ITO life life life _ 

_ 174 21% 21 21V, .% 

-. 0J 41 10 r-» 10 

.. 13 607 4to 41; 4fe 

... 4J 797 74’i 23': 27% — fe 

JJ 13 16 30 79% 79*, — *y 

_ S3 130 11 IOto 11 +% 

2# U 604 21', TO*. 21 V, 1 to 

A 13 2048 Into 15% 16 —to 

.. 33 77 S 10' , ID lOfe .% 

_ . 547 12 T i Wfe 13% — W 

.. 38 1903 53% 50% SJ% -3V. 

.. _. 1B0A ife 5*a 5S — fe 

.. ..11858 Eft 51 571',. -"ft. 

12 17 5450 27', 31". 21% -to 

.. 34 2397 79'i 27fe 29% -Pi 

_ ?4 315 12'; 12 12H — fe 

J BI06 J*. 7 to J"- u -*i» 

- 23 78 Uto IP: 15to -W 

12 14 43 22". 21 W TOfe —to 

. 29 83 life 17% 17'.., _. 

_ 30 79 15% 14", 15 —V, 

- - 1197 9% u9 9 — W 

.. It 6S7 Ilto 16V: lBfe-2% 

36 1085 28 35*? 771, • lAa 

_ >3 1ST 14% 13*. 13 V, _ 

_ .. ijw life life life -to 

JJ 11 1157 19% 18*. 19% -'A 

_ 7 2760 9’, 9*k 9*. —V* 

it S 285 7£b* 26". 76*. -to 

_ 55 1311 life IOto 11 _ 

AS 12 7350 30 TOfe 30 -to 

- 14 14*8 ISfe 15 <5 —l, 

A 17 1460 70% 19% 30% * 1 

_ 74 1549 life 11«, m. -% 

. »B 3487 I7'k life 11% —l. 

.4 W S73 IF: Uto 14% _ 

_ 7704 l»". 17% Wfe ■ 2% 

. . _ 341 13 12V. life — fe 

27 201C 41% 39% 41 % - Ife 
2.8 13 IS5?lW7to TIX, 77fe nfe 


12 MOrtfl 
Won Low Sap* 

3&"to£3ky* — g SSS§5“” 

35S*liP §2 'i 

uto 17 ponojarti - S ,7 35 tv! 7 ?fe tto 

HS E» n B WISSS^* 
=i b Pl.-Ti 

i?toTSM =1 1 5s 5 sS*tS 

36% IStoPhvOjr - 30 510 30 »to TOW o 

MW* EaS^rg^. a 

SSSssHtf 2 US«S.. 


Div YIQ PE 100a Wl lowrUftslOl'oe 

’“•** j? s a* gi-gs-s 

71 828 56 Sfe 551* — 

" 2* 1 en* *6to SS S5to — Ik 

= _ a?? zlw si* 25^ 


!S* 

life 17toParHos 

36 2lWPe*5MtFl 
21 fe 8 PnrmMM 
3BtolSfePtmdte JO 
21% 9VuPMrln 
36% IStoPhyCor 
30% lltoPhvCAS 


12MonO» 

Htoh cow Shot 

25’A lS^SprtJMf 

RfW 

3ife is** aortas »_ 
30% 19 

2 7,, «]sy j g2cSL 

“Sllto^^W* 


Oiv vw PE into rt«h LWPUotetDi’w x 

-** -» » ic| *« 

- :: on? aft t. 2fe --« ^ 

• - 36 ^ C 

-I® 


77V. 10 PfcTW 

Qfe IBtoPJOnGo* 

Stt^ifEar. 

I6to 7toPlatTc 

79fel4fePloygrt 
69 to 22 P-Mrson 

g U’APWEi*- 
l'e TtoPmsRYS 
46 fe 17fePV*Me6 


A 13 Y6 251A 25W 25to T fe 

- " J T « 


“ B 1205 13» 13 1»9%» 

_ _ 2072 20% 1914 IOto *1 
_ 6613956 S6fe SOto S6 *•* 
_ )3D iiw .r 

“ 19 5482 11 9 to lOyu 

- 625 247 25 W» 35. ,T 


- - “lets jftuimto T3w -fe 

'A 30i'.21toPrcTR s J3 IJ 17 976 »fe ■£*■ * 4 


36 19 pytmodi 
17to 9%Pn>cyl 
364. 74*4 Pronin 


Z 7 £ ?? nto 

» in tffe 


StotofeSTOwEns iM 
23*61$ SMI 

fin, - 

SSSwt^f ^ 


ll*t 3VuSurWTJ 

34fe 

MtolSfeSwWTs 

ISfe BtoggjTc 

srifeggn 


M 12 .6 162 71» 

= I SB h 

” " l3 T7W Ilto Vtto — 

J6 U i? 

Jg- ■’£ t9 66- 17P» -««fe WS-iiS. 

3 ijimw 

Z 24 woe Wfe , 

Jjje 2 27 U24 2Bfe 2TO« 

TO V440 U . 2<Vr25‘Vi, 

* a * §i 

Z mm* S2fe 

_ - 614 6l> £*-&A J?- 


_ 25 MS 
_ 16 564 

.. H1»C 


lew Witetfc.*: 


_ V 6*1 iftt: V 


S fe A PW»TC 
7 Purnoc 
22% 14V? Purifier 
2J Mfe PuroPd 
23% 6% PwmT 
SfeiFmPyitiss 
73 29‘AQVC 
17 TtoOuadS: 
Oto UWOuaKrtli 
36% WVjWFoOO 
20% 9HOUOTOX1 
40W19 QuortHO 

» * llfeSStS 

'ft'Masssr 

16’.: 9toOuais»v 
19% 7feQuinSva 
22 HfeQulxte 


40% 32’',PrBSof1 _ 21 932 41% 38 fe afto + Wu 

Wfe TfePraOfl 1997 If* 19 ” 

B'/. 3fePrweon „ _ 519 6 5fe 5to — w 

12 6 to Profey _ 16 362 7fe 7% Tto — * 

SS’i REE* a ^2 W = 

gtoiStoK^, .12 T6«!£m iSiS-S 

Stoiag^ " *i !? aSS 'ffi 

5>, 17’kPvvlSS _ 2510398 19to JJfe Wto-lto 

73 29%QVC — 28 6652 31% 29 W 31 +fe 

17 rwOuadS: _ 8 14 W llto IDW ]094 * 

S^SSS 15 JO 5 n EW a% ife 

-M W li 13% 

40W19 QuonfHH _ 26 843 31 M 3^ +* 

AQ l a 36 QuCCfCV _ _ Wfiuij 4Q r 4i dO%fc +% 

32 _ i? 15812% life »2fe ♦ fe 

Uto IlfeQiOCktr _ _ 125 13to 13% IJto — 7* 

6to J'.kdulder _ 4090 4 3fe 3fe — fe 

)6Vl 9toOuaislv _ 17 45 13fe 13fe life — fe 

Wfe 7W OuinSug JWo J _ 2050 I8V1 17fe 18* -*.. 

22 IlfeSSoo JO 1.0 15 199 19% 19 19% +to 


5 SE'i&HKat 
= ^fe^E!JR‘ 5 


32 1101 73'. 
20 5919 27': 
32 3789 TV'.. 
..60* t 

- 180 5”. 

— Tie 6V. 


73'-. 77% a% * 1 '.. 

27': 22*, 26*. -4', 
TV'.. 27 TO -lto 
6 S>. 6 -to 

5". 4% 4to — *1 

6 Vs 6% 6"s 


lfr>, lOWRFSHlt Si 

19%16'ARPM J3 

law 7 Rc iceM t 
ll’kHWRacJSvS .10 
9% J.* RacSirt 
life 19% Route* 

32 13 RoinYc 
15% P,'u Rldlys 
21 '.10 ReLrfe 
16", BfeReodPt 
R% 12 Recorns 
26to IS Redman 
?l ■ : * R *oenm 


** _l 

r 3. 344 18 17 17% + to 

2J 21 E4 IBfe 17fe 18% —to 

_ ^ 717 r*i d 6}k 7 — fe 

A U O 17% J6»« 17fe »fe 

i fi s ^ 

z ’_ 4 i 'is ,4 ^ -% 

_ 16 3E IBfe 17% 17% - 

- - 2958 12% life 12% *-1 

— 33 166 37% 31% 32 — % 

_ 234 784 17V. ltfA 16% — fe 

_. — 1183 AtodSfe *% — % 


26 ir 76": 2T» 26to — fe 
783«ir 97% 94% 97V „ -2V„ 
„ 1484 11". 10 11 -V. 

M 1JS TO% 79% 29% - W 
U *6*9 51% 48 49% — 

13 561 W'.dlBW 19'.. _ 

10 7035 29 "t 29% TOW -to 

17 — 25’. 25to 35% 

_ 77 21 70% 71 -to 

17 3337 life 131: U*. -U* 

S* 94C 17*. 17to I7*k _ 


5* rr 36*. as-; 3S’: — % 

?« 1)7 34% 33' j 33W - 
. M?5 »>. »?*. TOfe-lto 


. 754 11% 10% 13V, —to 
I* 75? 131. I3to 13% 

17 2784 28* . 27% 77*. — to 


36to29toReenFn 1J0 3A 11 2769 33*. 33to S% — % 

73 10% RenCom _ _ 334 27% 71% Efe :% 

25% 1! RtnoiTrT - 77 *27 20% 19V. 20% *1% 

10% 4 PenoAir _ _ 1529 4% 411 4% — fe 

jto 2 Repop - - 722 3% Zfe 3% ♦% 

16% 9feRepBcp J2 14 8 1064 13fe 12fe 13% - 

25 9 Resound _ 27 675 10 % 9V. «» — 

11% 4’. .Ret hr _ — 1337 7to 7 7to -Ik 

mW78toRe**Hds 1.121 2A _ 3*94 44<% 43% 43fe -to 


T2‘A 6'ATPfB! 
14% 9ftkTRFnc 
Ell 13% TewrCdb s 
76 35%Tal«C- 
26fe 14 TaJOBT 
92to IBfeTctlOot s 
21 l2WT«no(M 
62% 35 TecUBv 
52% 31 V. TocuA s 
Mfe 6feTelai 

j&ilfcS 1 . 

19 to 9 Tencor 
34to20toTavq 
63%19%3Corn 
48% T4V.300 Co 
19V* BfeTodtoyM 
life Ato TQPWi 
TS'u 71 TrocSup 
16*6 *%TVTWYieOS 
27 irV.TmReCn 
47% J3%Tmwck 

17% 10 TrtPacr 
30 9%TrtCOrd 
17% SfeTrtnyed 
18 SfeTriquim 

20 12%TrHm 
16% AfeTsene 
25 iswTVsan 
18% 12% US Can 

^ rsfc» 

life TfeUSTCp 
30% 12toLmrtjSleP 
7V. 6feUnik*i 


32 IJ) B 145 Mto Efe z5fe— %- 
37 IJ) 16UTU5 ?*%-:». -2D* ~«3«' - 

_ - wy »% • » syi +v- 

- - JSI *3fe Ofe lSto- #> 

Z a . 

as w.:5- 4 

So IJ it » 47 '47 

_ - 684 MVh J3VVU '*^55"' 

Z73« 20% 1 9% ’90.' 

.. - 36SB 0% TOh TO, — *Tw 

_ 14 459 U . tlfti. -0*J %: 

. 43 7979 u 6471 05 S9U -. to 

ji. riziMZ igirxt 

J3e to a^m M -a - 

Z :» S% ^ r 

j# 45 ii'S 2* 

i*«SS.W 5'B^3E-4 
u» « dH;« Satftt-v 

- M I life. 11% 11% _ 

_ 13 2442 10% V) 10% 4% 

- - 3871 -0% 7%' 7% -A% 

- 47 S26 11% U’A HM »% 

- - 113 15% 14% Bft'-Hi-’ 

JO 2.9 15 510 7' «% 6%‘ ' w ' 

.00 A WOO Tt'S 2>W 22>A*2-.V - 

_ 10 263 - 18 17% I7W • 

■z 

- 66 1227 5% S% 5%“T - t 


10 10% • 
7h' 7% — % 

10'A W~ »% 
14% Hfti’lt >- 
*% 4% w 
afe-Eto-KV * 

^ u% *4 7 

Wto 19 __r% 


, . *$ i: : - ii’, 

. ivi j . 3-. 

„. . 8f-i 21% 21 rr. ’ 

„ ii se .*•, it ir — ' 

.307 TOO •» .. e .. V . — 
_ !”< 10% iO 1C‘ --• 

.30 »* U «■ II'. 17 * i? - 1 

» :» 693 I". iO% II . ■» 

_ . ia: ii% w 7 : 1- -:’ 

u 133 ;t> . ; • 

.. . w. 9% 

.. M 142 12 11% 1: 

,«j : d li ss: ?<•, 

.. 103 15% K't IS*: 

.70 £ 9 u Jl j: — • 

26 15 W *1 IS ‘ '?% — ' 

„. _ K’ IP. H IF. 

.16 14 10 30 12*. 17% ITO. . 

I-': 37% 


js' , tj 

IJ’, 14' ,'lti Bill 

’i’ . 26' > r.5 BO* 

If W.-J-Cair 
iO'.it' -Nir.Cn. 
57* -• :*' ; r,’«G',PS 
37*. * : <?urC-.w: 
«• . ifer/Todm 

i'% e%tm»op 

74’, 9 ; . :Jo:rS: i 

13 6’.-;o;rTu-i 

E' : W j’lTCliCCS 
?7'. 1* ‘J-llzV 
24 UtUgUPT 
15% S' ,:iedr^.-r« 
ii 73 fje-nena 

33". a’ • :nvA-:. 
life 3%fl«mmo 
10’- 6%ritv.V3y 
37% li’-tleuirv 
ii>, '.i-.rlEB-.'; 

:i '‘iN. Simon 
T. irtorj.-o:.- « 

-4 . iji.-i'Cm 

(»’ * .*l=«C'r 

TO' - ■*' .fetrard 
*3 i) ■ , f nrSir- 


z : : 4 s:*^ 

1 ■ - 1.-3-0 


E' : 27*,K*4Fn 
I*': 10%KndrL- 
18% I'-Kmdw 
23' : 13*. 6:0mm 
31'. 9%KulcXO 


4*'-. Tt'toLCI mu 
TO'iir.LDDSv 


.16 14 10 30 12% 

.. Ji 8314 J. 
.40 1.0 li 42 i? % 

_ _ *74 p 

77 la 77 LTi V . 

.. . «* Is 1 : 

us 43 n i/c :r. 

. li 13'. 

. w 10 . 
:ri m 
e "jo 13 


:s . :*’ 

1" - "u : 
TO* • ?< , 
12', I2». 
’■; li*. 
i»'; 20': 

1:% ii 


~ rr- -cr TO r 

.. ?02:J06 li ; If. If 


ii'.TO, Tr-.t 
IV. 1 - :."rf5'L: 
ij . ri. 
i:' . ii rtitiwe 
’j’.-'j .*w.*r 
2* :u .rjs.iw. 

W . .0 : -:4c.*-> 
I*’; S'.*.’jHr2 5 
2? 13 ;l.jr.C»A 

y'lU j-V'.-rC 
W=. » j=T. 
j? :;%Gc-ei 
«*'.»2 Cnic-,2 
27 .-'•M.e* 
3J'</' - 3;p"._9' 

'f,. 

'.O', 5 : - 

JT'.M'jOri:*: 

irs':. 

ii'. f.CTftia 

: o;-.9i 

to . w ; jrasi* '• 

it 


N-o-p-a 
.it £ 14 we 
. >SE 
47 ic ;c T-n 
.31 - 1 . 52 

. . 2ii 
. - SJM 

. it *01 

. 11* 99* 

. 2’ 6*8 
AC 1 J IV let 
. I' KO? 

„ :s :su 
1* .7 is is 

_ 19 1731 
_ 7t 371 

- 26 2133 

_ — 1019 

- 223 526 
4- 14 w :=j 
‘0 i.o 2: 1 A 

_ 2 :n 

r‘‘*S6 

• 

. . 612 
.£* 1 v 7t n 

- 10 0 

« f •: nn 

- . i ; f t 

Z Z 111 

- . 1*3* 
:: 

. 

. 37i 

12 4i6i 

.lie .r 1: TO 
• " 

.. is 132® 
U IP 
• a. £ j ij :: 
: -O 34 1 : va: 

'TO 

: eo 12 « aw 

r fi ^ 

- SS :S S! 

U r;’e 

.iid :j -is ■•-: 

- i*. -"ic 

. r. :-5 c 


30*. JO 1 -, J0% - » 
17*. U’: I6to — * 
33% J0V. J3>. -* 
17': ISl. life -' 

!»', 10W 10'i 
34 J3 23% -TO 
70 18 19’. -1* 

7 6 l i "* 

12 '» H'-.- 11 ®, — 1 * 
13': I2to 13- . 
li': I3», 13% — ' 
V : 77% 22% — ’ 
T -’ 25% 74 ,-1' 

73 21** 2W* — ' '■ 

70’. 9'-; IJ 

S't 32 13 “? 

Ife-, 16-'. 1*>. — " 
9U.. »to 9", — ; 
4% feto 6 , - - 
If. I''-12-'._L 
M , IS'-jl0 - 
15 . Sfe 1C 
J? . iife %*; -2* 
li »3>. .4 
31 . 31 - 34'. -3’ 
6 % " 

iS^.:r ^ 
%l Vsliiz;: 

<7 JC’. il -• 
life !<'; 

B : o', 9*. -■ 

10% li-. It- . — s 
;s . ii*. is 
S.* ». ?L'- r . 


22 7WRe>cStinS _ 9 2300 9% Sfe Sfe — % 

llto StoRfailm _ _ *47 8to 0% BW — fe 

IBWiafeRichMS M J 17 177 16 15V? 15Y? — W 

10% *WRipsHf - _ 1591 0% 8 BV* 

19*. 12’/, RloHtl _ 24 119 15% 15 1S% • to 

Efe 13to Rival Mm A U 61 MW 19% 19V, — W 

74'.51V.R<xk15v I A0 7A 24 21*6 7DW 6V 69 W — fe 

42W21WRblPnr _ 42 ASA 37% 26 IT — % 

31 *. 1 1 to RocrtCS _ _ 919 16% 16% 16V? - 

ITtolSWRocVTcn JD4e 4 — 7 IS’A 14% 14to — % 

3f to ID'Y RopCrerfl _ _ 1390 24 MW »% vto 

49 30 RMrttFn 1JD 2 £ B 1491 48% 47% 48% - 1 fe 

39 TOfe Ropers .12 £ 18 1119 Z3% E 22% ♦% 

10% 12'-i RossSfr Me A 12 1241 14% 13% 14% —to 

lift 3to RoisSv _ _ 167 4% 4to 4’A —to 

aft 10 RotCCtt — 26 412 20% 19to 19% —to 

31 'i 15 Rous* .68 3_S _ IMS I9to 19 79 to -to 

tto DtoRvonF - 14 3934 7fe 7% 7fe — fe 

30% 6WS3 incs _ 1112209 9to Sfe 9fe -to 

Mfe life SO Svs - 71 7035 13fe012fe I2fe — V, 

30W15W5&S .12 A 24 2)1 Mfe WV? 19% — fe 

Eto 14 SFFed -28 IJ 155 277 Mfe 19% Mto + to 

31 8to5LMs _ 36 635 11% IOto 11% *% 

65*. 47to Sot^Cu 1.96 XS 9 19*2 55W 54% 55% +fe 

Uto 10*. Sltvlst _ 33 64 35% 24% 25>A _ 

30W 6 to SouoTc* _ 37 3573 14'A 13 IJW —to 

39W34fe5Uude A0 1-5 12 3275 30 27% 27% —to 

33% 13'A 51POUIB S JO 1.4 10 459 21% 71 fe 21% * fe 

31': 13% Sanmina _ 13 939 19% 10% 19% ♦ fe 

28W 7*k Sapiens _ 154 U61 4% ife 4to-?*fe 

22 llWSrrny _ _ 627 II dlOto 10% — % 

TBfe 12 ScptffitJC _ _ 238 25% 24% 24% — % 

Efe 10 Saw!? -10e S _ 291 19% 18% 19% * fe 

Mfe 33*6 SchaiCo _ 16 145 35% 35 35% — % 

30 fe 17 Sen Uto- __ — 14 938 23 ’A 27V. 22fe — % 

78 fell Scttmns JO IJ 21 1618 32V, 72 22% -to 


18% Wfe RossSfr 
14V, 3 to RassSv 
Oft TO RqtKti 
31 fe 15 Rous* 
»fe **,RycnF 

20% 6WS3jncs 
EtolTfeSaSvs 
30W 15W5EI s 
23to 14 SFFed 
Jl 8fe5l_M5 
65*.47*,5oteca 
33 to 10*. Strvlst 
30 to AtoSoooTcs 
39’--?24fe»Jude 


19%10%UMln»k 
28% 77 USBcQR 
47% 36feVJS Hntrft 
46 30’ALKRaW 
55%40V>US7Vtf 
19% tOtoUMWste 
46%38toUnttr0n 

30 4%UffeBC 

31 % 20% UrtmOut 
ISfe 7% VLSI 
23% 4%VrtTeOi 
39% 27to ValyBc 1 
15% 4Vu\7c8VisA 
15 22%Vgrda 
12% 7*4VerwrG4d 
46 l&feVentritx 

30 ! 5V. Vermin 

20 BliVnrfefJh 

30 V. 13 Vla» 
27%15WVTcorp 

S 9 VideoL 
ISfeVImtg 
53 31 Viking 
28% PtoVtSX 
6% 3 Vitesse 
23 to 9%Vmark 
Wfe 46". Volvo 


79, AfeUruHti — 66 1227 5% ,S% 5%~ 

EtoMfeUnSwtcti ‘ - 37 ffl ]B«r 17% .11% -»« 

a» 8'AQt^CosPs 'A0 13 11 3116 33% -3? XtZ -Tto 

IVfe lO*iUhHn»s __ „ _ 25 life 13% IS% - „ , 

70H 72 US BcOR J8 14 16^3565 25% BfeTSV,,— V„ ’ 
47% 26feUS tettift 68 LB 1BJ111V J?to 3SV. 33 ♦!% 

46 30’AUSRaW _ _ 13 7148- Jlfe • 5% $%-» 1% 

55% 40V? US Trsf 2JJD AB 12 U0 SW»-4m SO* .+ W 
19% lOtoUTdWste - 18 46 »% 17% 17*4 • .- 

46%30toUnOT0i 140 JJ IS 231 TOto J9 »%- «%fe 


_ 10 633 6% 6V. »%, 

— — 66B 34to » Uto OVC. ' 

_ 20 $990 Uto ^ 13%. >.% 

_ 2131 Sto Tto 8>4*4 r . 

2.6 16 305 3tVi 25 Vi 36% -fe 
_ _ 4110 4% 4% 4%. *1% 

- > 11 SS 34% 33 34% *1% ' 

Z Z 5$S 72& Mto21*E^ wS 
_ U list 17 • 15% 16% «%. 


ii*. .to, n*. 

:T', ’»>.7i'. -11 

I4>. li : •4-. . 

r* . 3S': TO’. 

H‘: ?■: -* 

1V-, -.o wfe — • 
*»• 6fe 6': -* 
J'fe M il’i-l’ 


77fe 4toSoOone 
35 M'.SoGme 
68 26V,Sclmed 
39". l5WSdle. 
19V. 7 Sa-eBd » 
M’< IS'. Scons 
7sw fife Seagafe 

IS’. BWSrarCap 
TO 34 SeCCOP 

jpiggf 

Eton sSSuo 

24'^ 2?’ J * Sburmro 

us^feSaicnVl 
41 14". SicvWesl 

13"? 5 SkvtXl* 

24to UwISSto' 

SS®!. 

brnfisssr 


-S' > Ii • .S' 1 
« :: s . M ; . 


S*'.47feSonocPP 
21 '.i WfeSountrsr 
life 7 WScvBcd 
2**.l6feSooceLD 


_ - 3845 0 7% 8 -?«%, 

_ 23 69lu36fe 15% 361* -Ife 
39 3795 29 77V, 28% —to 

-52 3.1 10 7712 16% 16% 16% _ 

- 9 176 0% 7% B% + ! 

_ 15 639 17% Uto 17% 

_ 9 9446 233, ZJfe ZJW — %. 

_ — 341 life UJV? 11% * to 
_ - 347 U TOto 30% 30% -to 
_ — BE3 6 Sfe Sfe »fe 

_ _ 1598 13% 13% 13% -% 

_ 6 707 4toj 3to 4 **5. 

- — 650 18n 10% 18% .% 

M IS 11 1117 34% life ?4Yh +’/u 

_ _ 39 20 10% M - 

._ 37 2038 15V* 14V. 15%, - 1% 

_ 16 I2M 10W 9% 10% -to 

.14* 6 _ 343 23% 22% 27% — fe 

_ _ 1099 21V. 20 TOto -fe 

990 * Bfe 9 

-33 J 10 6201 43 40% 40 to — % 

_ 18 1004 (0% IOto 10% —V* 

.05 J 25 106J 33 TOfe TOfe • fe 

_ 3 347 10W 9fe 9to _•* 

_ 33 1415 3% 31% TOfe ♦% 

_ AT 9103 TS'A 34% Z5V- 

. 21 529 16 life 15*4 -to 

- - 740 17% 17V. 17*4 *%• 

z !o a%*T^-S6 

_ _ 633 4% Jto 4 -lf M 

r z 37 flasas**^' 

I _. 34 30* 11V. low IOto — 1 

M -| S3 m ksstx 

job 1.0 12 iB74 low 10 ion *v„ 

._ IS 62 23% H% B% -% 


3?W UWtWJJFd ... . .. _ 

33 to 23 W Wctbro 40 14 If '63 24U 2414 -24% >% 

Uto 5% Walk ml _ 19 ITO 7% 7- . 7 'A —to 

60 ITtoWaHData _ 43 4M2-a6to 32% 38 *'« 

21% lowWanc8-ab _ 3681 12’A 11*4 Hfe — '*. 

ss®aSr i&n* 

S %12%WatsnPh _ 71. 25* .17 .16*4 W .• vto 

ICtoWatlsIns J2 14 IB 182 23 22 23 + to 

3S EWWogsPs 24 3 O SSJ 27% 36fe 27% 9>4 

ITiA14%WBbcotnd ■ _ .. 1445 16 .1514 16 — % 

a llfeWeBMat _ 3t 1330 18% 76 1B% *2 

to W%Wb9IHs _ 57343*3 31 27to30V**2to|, 

aifeMfeWemcr .10 A 21 657 tj »% to tft 

TOto 13% WsRWer _ 32 2 39% 19% 39% ■_ 

74 9 WNawm A0 _ _ 73%. _ 

5 2ZfeW90nes Ji 2A II 497 29% 29% 29% _ 

toirmwticor s _ 30 699 16% U 16V. *to 

Uto 12 V. We st er fed J15e A — 294 Uto 13 13to *-% 

20*411 WsJnFb 1204 )2U Ul4 12 _ 

30to 12fe WsfWatr -1006 412.31 19% 20% -% 

19%11'AWdSvs _ --I6SB-16 15% ,15Vr . _ 

10% 2%ws>wgn „ _ 1094 744" Tto 7V, _ 

35 29 wwteftvr _ . 6 33 31to Jlto —to 


— RI ITS 13% im oftt I; ■ 

- 34 TOO "06 *•% 25% --ife - 

L It TO 15% Uto IJ’/.— 9# 

- 17 986 16V? T5% Uto * V? 

- 29 7151 71 to Wfe »%♦»%.. 

zM § 3 J 

23* l5 

W-X-Y-Z | 

£3 1.) 2D 2JV.’ 3D ' 28%' 28* — to 

AO 1A 16 -'63 26% 24to-24%-Ato 


35 EWWousPs 
17>/. liwwetjcofnd 

a llto WeBMgt 
to WfeWBMHS 


i2V.yyrsrenoo aim* a ~ as* ijw 'J us* 

11 WsJnFt? 1204 12W life 12 _ 

17'* WsfWatr -1006 412.21 19to 20% -fe 

ll'AWdSvs -'--1638-16 15% 15Vr _ 

TfeWstwOn - _ 1094 744" Tto 7V, _ 

29 WW55W _ w 4 33 3 Tto 31% —to 

U'AWMFdl _ 27 3517 16% IR, Itlitlft 

IHWhHyS _ 61 3365 llto 10% 11 -to 


35 39 WWteRvT 

2StoUtoWM»S . r ._ 

JOfe IHWhHyS - _ 61 3365 llto 10% 11 -to 
24% 12% Widd-U _ 13 222 15% 14fe-15to-'+fe- 

59%35VjWinarr?t JA 73. 21 2584 44% <3% Mto ,♦% 
39% 9%WmSons _. 54 5Z39 36% Jlfe 3JW *-4 

31 23%WUmTr 1JB 4J II 234 25% 24% 2Sto -W • 
76% 30 Wisccr - 25 78 70% 73U- 70% 4% 

29% 13 Wcnowre _ 33 130 14% 13% 13% — fe. 

7f 4k l*% WbrntB X Ji 13 72 fSI IBfe if to Mfe _ 
5Pfe 29% Xflinx _ 2517860 43 % 39% 42 -2% 

30% IOto Xircom - _ 23 3701 Wi I4%--W% *2 " • 

IBfe 12 XpetfiK . — ' 38 388 16% 16. 16%. +V. . 

23 WfeXytoglc : L- 5» 315 19% 38 V*%Vlto - 

30 13feXvptox ••• 11 80 16 • 15*4 15% — W : 

30% 16*6 YeOowCp 94 53 36 S0d3 1014 T7 ' 18 r-fe- • 
34% 13 Younkar ... 5 605 life 14% Tito — % 

1 1% a ZduCp . _ _• 434 . 9% . Bto ■ BJk —to 

60% TOViZebro - 19 514 29 77% 39 * 1*4 

28W llWZenLab s _ IS 1744 1 5 Uto 14% — % 

40*4 22 ZaOD - 21 lea 37% 32 32 —to 

45% 36 Srtfecp 1.12 av 9 173 39% 38 TO -% 

ijtois ZolMAed - 22 U1S 10% 17 10 --to 


12 A.’qnm 
Hugh Loa Stcq 


3'ij, 1 -I, Colton n 


C„ 'id PE IQQs Hion LOwLoiryiCh'i 
- _ 91 l"-u l» 


12 Month 
tf-qn US* Sno. 


It: .w»t. 

D'tf 'Iq PS 'C C-. H,qn LosLj-,iC3, v. J H.?n co % 


is - IS rjieniB 

C-'.' Id -= - js ~-«j' LZ:uT.n:ZT. 0i i r^r. Lo> Stack 


Dr. no PE IMS 


. 12 MonBl 
LowLaeqQi'qe J Hteh Lw Stnck 


By Yld PE 1006 H0*i L owLatextOlfe* 



Wednesday's Closing 

Tables include the nationwide pnees up to 
the closing on Wall Street and do not relieci 
late trades elsewhere. Via The Associated Press 











3", lWCkWoian 

2 feOcAxi wl 
3’-, * DorJHd 

4% I' ..Doiaml 
life ifeOdlartm 
7*. 4 Ouvslr 
4 I -Oarsl Wl 
0% 5’.Oa»dr 
13*. 7’ : Decora? 
8% S'kOcIEIC 
33'., .DelLob 
5’ 12's.Osonlm 
Ill.DevnE 
4"i. 2",DiOg A 
■r „ 2'kDoqB 
4 I'm Dig icon 
19". AtoDrnvjrl's 
<0 lfeDfoaes 
P, I *mD«vO»ri 
Bfe 4 1 .DiKnTie 
111. UWOrPcps, 
71-'.. IJftDoikflv 
i0'-> 3’.Oy«^rt 
11*. 0’,OrYUAu 
11’, 9' .DrviflV 
If, 4 Owe 
4 feECIEny 
W l',EZ5«rv 
Jlfe 14*.Eo*4Fn 
Hfe 1 1 W EstnCo 
40 . TOWEchBFpr 
]5fe SfeEcSaBc/ 
18% 17 EOMEn 
$ ift'iEdsrowl 
I?’ i 6'.Erfsn> 

Bfe 2 Edileh 
ir 1 . TOfe Elan 
Mfe lifeEUkiw? 
3aWM»«Ekinun 
9'k BfeEWorod 

3 to I ' -i, ElCCnm 
■fe I’.EtUnor 
*’■ BfeEI&wItl 
4’« StoEmpCcr 
4V. 3V..E8SCO 

23feEN5Crt 
21’. 'VEnma 

24 1 '. ilfeEcrooc 

Itfe 13", EaOml 
12' . lOfeEQGtrd 
li'.IO’.EodlhJ 
18' . 9 Eouutll 
8 ~r 7'V.Escaqn 
J*k ’.EssxFn 
13’ . 6 ElrLvA 
1*", 7 ECLav 
1" i. feEvrJenn 
91 I5V.EXWI 

l “< 3’¥|PP LA 

3fe IfeFPA 
Ji 1 , WfeFtTOinds 
7'fe JfeF^HBr 
15 atoFalcCbi 
TOfe 10 Fibrtxl 
•yt. M’.Flna 

lifeFlripai 
14’. 9 FiAusi 
life 9fe FAgsPr 
ffe 4’kFICnlrl 
167 lE'.REmp 
life 13 FIFAIa 

10'., tfeFllbcr 
24% 7»kFiSOlP 
life JW Raman 
23 U’.FUPUl 
TOl.UfeFiaPch 
39'*, 20% Fluke 
I7T 7f'.,ForaCna 
iito37 FartfCA 
52'.,28%PqrsfUi 
to feFortPi wr 
6'.-i lfePwIPnt* 

3 u I ForwmP 
Jfe 3 FounPws 
tfe 4L,Fr9REn 
5*4 3 FrMrin 

! h %nfe» 

S", JtoFrtSlEl 
9'k 6l'aFres*fllU5 

life U' lFrison 


- .. 4 2'Y 2' k 3‘„ — !-, 

... 338 li'u I',, iv, . *r,. 

- JJ 67 6fe 4'. A : k - % 

- 118 223 7"-'m 2V.. 3".. — V h 

_ 19 114 S ife ife -fe 

- JSi 


- 17 
JO 3.0 7 

•4JI SA 17 
TO l.l 12 


ife 4’., -fe 
ife 4'.. — Vu 
I*,. IV,. — fe 


> *'. 4?,. 

40 U« l’„ IV,. 

V 7% Tfe 7fe 

25 10 9-. ID 

99 ife 7’; 7", 

7 30", Mfe jOfe 


Me J 25 1 86 23", 22% TOfe — ■ ■ 
-.17 II A',. ife 4 S h — l/_ 

- 20 20 JW ife 4'..— A,, 

- - 50 I'k., I’, Ife 

- 38 35 lTOft life life _ 

.. 21 168 9'.k 0>, 81, „. 

... 4 r-,« r.u Ife. _ 

. „ -.12 130 :i. T*. 7’. 

'■£ !: 7 ,4 '* i J ufe 

J2 2 I 70 U ISfe ISfe ISfe — fe 

-5* 6 1 — 2' 9’ . «' . 9'k ■ ", 

69c 72 ... 1SJ 9% 9<a 9% ife 

A0 tl _ 31 9*. *fe 9\, _fe 

... 59 b 9*» 9fe 9W 

185 r-».i l"u I'li. ' 

.76 JS ID ” 20fe Mfe TOfe -fe 

-3 H - 7? Si; & isfe -n 

01 .7 71 3073 10', 10': low - ", 

-7B 2 3 10 13 13% life 12", — fe 

I 73 25 8*5 Sfe 8*. Z 

- - . ?8 3% 3% -l,. 

- 28 4,77 23 -i life jj-., 

- HI 18’ 1 T7fe IB 1 : - ife 

- 70 ?4W 36 ?»': ■* v, 

- I* 6 Sfe a*, Bfe *fe 

- - 1 2 '• . 2'. ?v. — fe 

- 30 3*, 3" 

.400 56 - 7? 8’, 8W Bfe 7. 

-■ *■ i, 1 ! ,*!» 5'* - 

73 35k 1 3'V Ife, j%-, . 

150 52 - 4 Mfe 28'., 781* • 

_ — >001 10' . 91, io 1 -. . - h 
... — 178 Ufe 15%. IS*. — fe 

9-30 14.4 55 «e U- H U Z 

1 60 14.9 - 13 11 10', 10’. — fe 

1A0 14.4 _ 29 Tl'. 10', 11', -to 

48a 4.9 _ 31 13 ’ 9 Ufe 13’. • i. 


.70- 3A 11 3 0", S'. 0'. ... 

J8- 29 U 37 10 kto ?fe _n 

... 6 1 ',, 

Jl 1.9 13 37$ Pfe H»t Ufe - 

- ... 8890 IV. Iv lv„ 

.08- 1.9 30 8 4', J', 4' « . 

_ .. 41 2to J-.k 2'., — fe, 

*4 13 12 5 lefe 34’. 34’, ~fe 

_ 10 60 S', S 5'-. -to 

- - S 3 0 ', os-, aw -to 

_ 10 74 TOW TOfe TOW -to 

3J0 JA . 1 p *?■•.- r?‘. T, ... 

_ . 1? i3’» ij*. life .1, 

Ue 15 . |«J lOfe I0fe IO"* .to 

99 9.S 130J H)' . iQfelO'i, _. 

10 1.5 9 5 6fe 6-. 6fe . to 

2.W 1.4 10 7 145-; lifCjliJ ’ , 

.*7 4.9 9 3; life u: , life - '„ 

4»c .8 tl fi'k 8 8 — 

- - J6J TV* TOfe 33*-, *'-, 

E 11 r 5 —'* 

1.16 4.3 13 4 i*fe If, life -to 

JO 2.0 M TO IS JS 7S 

57 IJ 3d TiuTO'a TO 1 . TO*. • ■«? 


.. ;«c tu. no no -3 


34 2933 

43fe 

Jlfe 49 -to 

119 


-’ll 

fe —to 



IV , 

-fe 


: w 

7‘.'-i 


6 

3 

3 

3 

70 

6’'i 

S’? 

SW —to 

- » 

J T -« 

4% 

4’k 





1 


to 

to _ 

2 

3*i 



78 35 

tfe 

tfe 


18 8 

U'« 

IJ'.* 

Uto 



Jto J’.MCShD 
III feMIPPr 























CftfTARJAl 



executive 

secret 


sa: »as.tt.~T^ 

n*ABC OTofigi Rfrtnrr , r' rt " ; ; -- *■* 

sBassafr^— « 

* Trqfft Europe Puna Pu“ f! '*** 
f Trans Euros? rmg j % 

"®. E“«D '“•'WEMC'il Lid AA 

5 i!? ® a “ nc « *wie m luvS 

waig £wccj Pima pic g £ „ 

a f I"™ S *™ K io fa p « •'■ i?H*n 

w A C, Eu/e» Fd Pic _ . . _ i ft*” 
w-iG Jason Fund— .. ? 

llic iSSTa 5 ™ 11 cSi Ffl '?& 

Z ■!£ iS?? F <j Rlc -1 iv -«. 

®° Fa p « I«r 3 > 

! “?s 

!Sa5SSK¥Sf, F “-i“ ,,sa 

0 UBZ Lkjvkm. Puna of*Z.C\‘ !:? ill 

!SI 

fl Alff M Bera Noron. j 

Alfrt* “rig Store J "* 4 

sew East. _ s ..... 

SfiSSrrr-drf* ^ 
SgScszir— r F f . 

d Jorih Amgiica i nTu, 

a s»rtiano«L_. ij: Jh-* 

0 U.K r ’£5 

SHS*™ “*™OE«ENT. LTO 

N»ll Bermuda 

toAietia Alio Hrdar i/ins lux I TBJ? 

2Sti? 
ML' SI 
«2TJ 
*I7« 

c«w 

rs9i» 
**r» 

irr.ij 
UOJtt 


~ a ., Jr ’’unniiun. nroil 

"'Aft* S * 10 Htdae w *** 11 » * 

2*1*" |WM» Fd lAnr a> -Em 

m wn Giu Fro Tnaa a or » j 
mAlBba Global Fd 'Apr 3p|_S 
rn Afeha HWgt Ffl lApi 30) _J 

OTAbfiO JOOdfi iocr (Apr jBi.I 

2JJ5S >*w »i j 

m Aloha Pact he Fa i aw ju_s 
mAipna Sa m 

irlAtana Short Fd iter 

m Aloha sru-T Fl> inc <Apr 20 & 
mAiDho TUUale Fa (art joj _s 
or Alena WortMngtoA (A or Jo: 
mBueh-Alntia EurHrfg Aor 33 _ 
mGMxhvra Vohir | Apr jji _j 

mMeisH Jaapn Fund 1 

mHemlswwp Neutral Aor 20 S 
mLoftntel volet 1 Aar jdi_i 
iffNienAepj Aurelia ■ Apr Mi-i 
mPaol PlMCnoBviMoy 1*3 
m Rinaaen (art Fund < Apr ysi 
mSooe inn Fd (Apr mi 
mSaiua inn F(l (Acr »i 
AURAL ASSOCIATES LTO 
wArral American Quant Fd— S 

wArrol Asian Fund 

» Arrni inn hmk Funa 

RA IL UP tatc Vendeae. istm Peris 

nr ln*crmorfcet Funa 

r inter otn Convert Bas 

» imerprtl inn B03 

r liMerpiflObii Con. « litun j% 
innrmurFetMulticurreficv Fima 
mCteS 4 


UIU55( ¥ 5JCH1B 

5*|K 4UU«ELS LAMBERT 1M-3) M»W» 

fl BBL Invest America s 

a BBL invesl Belgium. 
d BBL lowest For EcrJ 

0 BBL Imresl ASM 

d BBL invest urfm A mer 
0 BBL lnm> UK _ 

0 BBL Renta Fd InH LF 

a Patrimmunl it 

a Renta Com 5- Medium BEF BF 
a Rente cash 5-Medium DBmom 
R enta Cash 5-Medlum USOS 

BBL (L> Inv Gtddmlnes 3 

0 BBL IL) Invest Europe LF 

d BBL (L) Inv Euro-imma LF 

a BBL IL] Invest World LF V7300 

lADQIIE BELOE ASSET MGMT FUND 
sum* DNNibutar Guermeysen nuu 
w Inn Equity Fund lS!cuvJ_S 

<t Inn Bund Fund (Sinn) S 

>y Dollar zone Bd Fd iSIcavi J 
w Sterling Equttv Fd (Slcov> . 1 
Sterling Bd Fd ISteav) 

Asto Pacific RMkm Fd 
BANQUE INOOSUEZ 
w The Orasan Fuad Slav _ 
m Japan GM Fd A f29W?r) _J 
m Japan GW Fd B (»/WW)_5 
mDupl Futures Fd Cl A UntlsS 
tti Dual Futures FdCIC UnriU 
m Maxima Put. FdSer. 1 CI.AS 
mMaAlmoFat. FdSer tCIBS 
m/uiaxbna Fut. Fd Ser. 2D.C5 
m Maxima Fui FdSer. J CL Dt 
m indasua Curr. Cl A Uid!s_S 

mindosuez Curr. Cl B Uruli s 

d isa Asian Growth Fund. s 

d ISA Joan Rag.Grawfh Fd.Y 
0 ISA Pacific Gold Fund^ 
d ISA Aslan income Fund 
tf Indosuu Korea Fond 
aShmuhcil Funa 
iv Hhnatavnn Fund 
«r Manila Fund . 
w MaiaccD Fund 

IV Slam Fund 

d Indus uez Hans Kong Fund j 

d Often tol Venture Tr«» j 

d North American Trust— J 

a 5inooo A Mo lav Trust s 

d Pacific Trust. 
a Tasman Fond 
d Japan Fund . 

•r Managed Trust 

d poltroon? Japan Warrant —S 
■r jndoMies FBgh ym Bd Fd A j 
m Indowez HWt Yld B« Fd B S 
a Maxi Espam 

b Maxi Fmnn EC 

• Maxi France 95 __FF 


| « Sja-Et! As«iuk« . ... 1 -wl - i 

. BUCHANaVfuND L iMtTEp' " 

I It 0Onr -f SviniuiHl Lid iiSfii W-tfOO 
; 1 Gi««i Hed'rr U SD. .. __ S us 

• 1 Giown Htftn r.BP ijgio 

|r Cu-'Cun.'Ui & AiloMic.^. .1 HB 

|i Pact i< .1 13 or 

I t E av.1 airia Mar krT. 1 jl4j 

cause cemtralb des banbues fop 

a rruciiivr • Oni fie*, a ff BSern 

O F»JCIi,u» ■ Ow. Euro b Er u If os 23 

■v Fruclllur - Aclioos FveoC.FF *4T]Br 

d Frivlilur - Aclions Euio D.Etv iSfliM 
0 FrMtiluK - Cum) Termr E_FF gulp 

£ Frucllhui - 1 Mat* P OM 107IJ7 

CALLANDER 

"CaUoncer EmerGrontfl % 13.U 

1 «> CaJlendrr F A»« S izo M 

m C aftnorn F -Austrian AS I37« 

■ CuUtmaer F fmnvsh Pro veojH 

oCauandet F-usHeatmCmrS Mil 

i * rt '- 4 Growl fl-. SF lUit 

CAMPBELL t BERMUDA) LTD 
iv&itUrTsfiiuiionai 11 Apr*— s shoi 

1 CANADIAN INTERNATIONAL CROUP 

| o (-4 Common Growth Pd_. Cl ezs 

O Cl tlorth American Fo CS ’ jl 

a CiPaeNie Fund Cl i» p 

d CiCrfaiwi Funa — ta5 

0 1 1 Emerg Mart eh. Fd Ci SJ7 

d CiEursecaiFima C3 i.97 

3 Caresda 0«3». Udmtm Ffl CS IftiO 

Capital intermational 

>• CopihJl injTFund i I3I.W 

» wooitai ttgita 5A_ 1 qn 

CDC INTER NATIONAL 

" CEP Court Twme FF irflESJ! 

» k»Fi tong Terme — FF tSPMtB 

CINDAM BRAZIL FUND 

d Cmaam Eautrv Fong 3 1II.0IB3 

a Ctndam Baionfed Funa 1 Wim 

CITIBANK ILUXEMBOUROI SA 
POB IJJJ LimrfnbaurB Tel <17 9S n 

0 Dmoui bond 5 IDOJz 

d CiPnvm FOP USD S 1241 X 

C C:!inv**4 FGP ECU Ecu 12B9JS 

; d CitmvHi Selector S Mil 15 

. 0 Citicufienstm u5D 5 14T7A7 

, a Cliicwrensif*. OEM DM lfl.13 

1 o ■TUicunenriK GBP 1 1*231 

1 a CiLtU>tmcm'ren Y ITWH 

I a c.iiporl NA EauKv S 77107 

J a C’ltoiort Cant. Euro Eawiv _Eai 1*1 JO 

I a Cuioort Ur Eouiir i ULTS 

a CiiiWrt Freoni Eamtr FF I4V0B1 

■ 0 Cidport German Equity in 44 
I d Citimrt Jcoon Eouirv. _ r 4*SIJD0 

J Ciiiport lopEC i TJttt 

I a Ciiiparl Eonnc t !?»?; 

I a riimrtNA.idwui.. 1 tsrjo 

1 0 cn.uari Euro Bond Ee u ISSJv 

d MonupeaCur.'rnt. Funa— S 10*7 
Citibank iparisj sa 

«vCili»(,Co&GW A W53e3 

1 CiTITRUST 

| » US s Eaumev i 3520*71 

( ■ n US S MOriTf f«n»tt S lS«U? 

h US S Bonos 1 memo 

vrCiiitona 1 l«tlK 

I mC'lipertormavipPWlSA .1 ILIOII* . 

Ttw Go»*a Earth Furwt 1 113*2/1 

COMGEST 1X3-1) 41 70 7$ IS 
» ComBeU «ui j tEHJ* I 

I » Comaen Eunice - SF i?704j 

CONCEPT FUND 

z> H&tf. Giosai Hedge Fa. .A 1044 4* 

0 WAV. inti BO Heane Fa. J wo 4) 

CONCERTO LIMITED 

m NAV U April l»94 S 

COYfEN ASSET MANAGEMENT 
utxtn Enlerpnse Fund nv 
« Chi» a Shi 

n Class E Shs 

CREDIT AGRICOLE 
INDEX IS 

a Inderts USA/SAP MO 
d Inanii ;opon>'N*liri 
d indevbG Brel' FTSE_. 
d inderls Frcnce/CAC JO 
d index is C.T 
MONAXIS 
d Court Terme USD 
a Court Terme DEM 
d Court Terme JPY 
0 Court Terme GBP 
d Court Tern* FRF 
a Court Terme ESP 
d Court Terme ECU 
MDSAIS 

0 Art tons mn Dfverstfiees FF 

a Actions rJoro-Americomes S 
a Actions ioMHwses— 
d Art tons Angtatses — 
a Act tons Altemondes 
a Actions Francoises. 

0 Actions Eat. & Port. 

d Actions irollennes _ 

a Artiom Bassui Pocuioug 
If Oblla Inn Diverslffee* . 
d OWW Nortt-Amertcalnes 
a otuig Joponaiies 

d Ooiw Angtahes. 

d OKI HI Altemnnitm „ nM 

d ouig Francoises 

a Obtlg Eso. & Pori 

d OAUo Convert. Inlem. 
d Court Terme Ecu. 
d Court Terme USD 

d Court Terme FPF FF 

CREDIT COMMERCIAL PE FRANCE 

d Elysees Monrtche FF 8VB15JB 

d Sam ArtKosh u 30 e s llBioO 

CREDIT SUISSE 

a CSF Bonds 

d Bond dolor Sarf 


ADVERTISEMENT 


INTERNATIONAL FUNDS 


May IB, 1094 


G*®*li 0, t* MpfriM bj fundi lotad. Hat itMt mhu quotation* ora vtvglied by ttw Ftnnts Irstad wllli the viceotiod ot some quotM Usod an mm» pHcax. 

Ytw mwgkul cyatbelat mdicalo fraqumey at qaatattons luppUMt (4 ■ dtUr, ■■ wotiiy: (bj . bLmonWy; (f) fortnightly (every two amahs); II ^r '~~TM nnriTi mrinlilir.piil owatUy. 


t> EuToneait Eow)l< Fa S 17027 

EVEREST CAPITAL (MU tnSSm 

0tE»rrml Capua Mill LW S ]MM 

FIDELITY INTL INV. SERVICES (LUX) 


t) Bona VWor US • Dollar 
d Bond Valor D-mbHc 

d Bond Vdlor Yen 

d Bond Valor (Sterling 

cl Convert votorSwt 

a Convert Voter US • Doftor_S 
a Convert Votor C Sterling. — r 
a CSF inlermlional 

a Actions Suisseo , .. 

4 Credit Smit-HMkf CopSwIlzISF 
tf Eurooa Valor 

a Enerole- Votor 
d Paedi c- volar 


d Dtscoverv Fund— .t jo is 

a Far East Fund, J B2M 

a Fid. Amer. Assets 1 wt,?7 

a Fid. Amer. Values IV— s I131JDM 

a Frontier Fund J xjr 

a Global ind Fund t If it 

0 Gtobal SctNIiOnFunt— S 72J0 

a international Fund ,_) jejj 

0 New Europe Fund s ll.M 

0 Orient Fund 5 Ui« 

0 Special Gtowlti Fund I 4149 

d World Funa. s lisu? 

FiNMANACEMENT SA-MIMMI.ft/Bmill 

• Dello Premium Coro. s tXS.00 

FOKUS BANK AS. 477 431 SSJ 
w Scanlonds Inn Giowm Fd J D90 

FOREIGN A COLONIAL EMERG MKTS LTD 
Trl • London 071 *3» 17J4 

8 Argentinian InveSI Co SJcavS 76.91 

d Biailllon invest Co Slcov S 22SS 

d CowmMan Invrsi Co Slcav^ 1 am 

d tncikxi invest Co Sirov I in? 

0 Latin Amer E xiio ’rwihj Fa s timi 

a Lot in America income OJ f U 

d Laifai American invest Co_S *jfl 

d Mtvtoan invesi Co Skav —5 370* 

a Peruvian inves) Co Slcov_S 1523 

FUND MARKETIMG GROUP [BID! 

P.O. Bo* Ml. Hamilton. Bermuda 

rp F MG GlalMl (It Mur) S 11*2 

m FMD N Amer. 131 Mari S WL43 

m FMGEuroac (31 Man 1 I0«e 

mFMG E mg MKT (31 Marl_S 1301 

ntFMGO (31 Mar) 5 ».IB 

FX CONCEPTS (BERMUDA) LTO 

m Conceals Forex Fund 5 *.75 

GAIA CURRENCY FUNDS 

vrGuta HeOpr II S 12*. 93 

nrGuIpneaar 111 S 1157 

H> Gam Swiss Franc Fd 5F 4&B5 

>v GAIA F» __S I OftOA 

mGolaGunronWMCl. I__ i S4B7 

m Gala Guaranteed CU I 5 lift 

GARTMORE IND05UEZ FUNDS T7/M/f4 
Tel 1 (JS7I 4&S43447Q 
Fa* . 11571 4*54 23 
BOND PORTFOLIOS 

d DEM Bona DK.SJ7 DM A53 

a PI wound CHs 777 SF 3.12 

a Dollar Bonn DisZZJ s 2.43 

a Euroaean Ba Dis 120 Ecu IJ7 

I d Globa) Bond Dhi)7 \ 3.44 

d renrti Franc— DIs HU* FF 1377 

EQUITY PORTFOLIOS 

0 A5EAN S 145 

a Asia Pacific s in 

a Continental Europe.— Ecu IJ* 

d Developing Martels i M* ! 

a France FF 11.71 

tf Germany DM 5*5 I 

d internal tonal J 2J» i 

d JODan Y 278CS? 

d North AmeriM— i 2J1 

d Sxitierlona SF 374 

a uniiea nmodoNi - i US 

RE5ERVE FUNDS 

a DEM DIs 5«M DM a37J 

fl DWtor. JJIsSJW S 2.15* 

a French Franc P F 19.77 

B Yen Reserve — Y 254* 

GEFtNOH FUNDS 

London : oTi-enriTL Geneva : 4J-Z2J5JSJS 


■* Scoff ton world Fund— _s 4S2J 

» State si. American l K 

GENESEE FUND Ltd 

» ia) Genesee EMle l i: 

» tBi Genesee Short 5 j 

» (Cl Gennee Opportunity —S 1! 

w IF) Genesee Nen-EaifUv t t3 

GEO LOGOS 

■ellStralotil Bond B Ecu KM 

■v It PacilK Band B 5F Id 

GLOBAL ASSET MANAGEMENT 

OFFSHORE FUNDS 

11 Atno) SLDouataJ of Man 44A34A2MU7 

wGAMertoa % a 

w GAM Arbitrage I 39 

IV GAM ASEAN X 41 

w GAM Australia _S 21 

wGAM Boston i 33 

m GAM- Cargill MlnartankO— S 10 

iv GAM Combined ——DM 13 

iv GAM. Cross-MorKet S 10 

n>GAM Euroceun i 9 

w GAM France ff i« 

iv GAM Frone-mt— ___SF 771 

■vGAMGAMCO S 20 

«v GAM High Yield i IS 

IV GAM Eost Asia me 5 70 

w GAM Japan s 17! 

w GAM Money MkhUSS S 1H 

d Do Sterllno c IS! 

tf Do Swiss Franc— SF 10 

tf Do Deutscnemani DM IDI 

tf Da Yen Y |U2i 

w GAM Allacoted MJli-Fd- S T4! 

IV GAM Emerg MLK AUil-Fdj i« 

I* Gam Mil l Europe USs s IX 

ivGAM Mm-Evrope DM DM IX 

w Gam mjn-gioixh uss s it: 

» GAM Trading DM DM 124 

tv GAM Trading USS 1 1 u 

■v Gam Over seta J 171 

iv GAM Pacific I W 

wGAMRetotWeVolue % US 

hr GAMSeleaton. — _s *73 

zfSvjsssazL fi 

wGAMui Inwflmenji - — — A S*2 



5S T i '£3 

l ussord S ^3 

l USS Special s 179J5 

ISF SF 101.77 

i Y en — - Y^ ,4 f?S5J 

(~ -C I5AJ7 

ciol Bond— — C 137JN 

rsouiSJ— J 14B.7S 

ipMte S __ 33AM 

STEREO FUNDS 41-1-422 242* 

vex itxch eoMZuridi 

America SF LH . 2* 

Europe, SF mu 

Monrfrol SF (MM 

StrmLNY I0U2UT 2-8804200 


AM C Special Bond— t 

AM UnhmrsaluSS— S 

SSR^^REDFUNDS 41 - 


a GAM (OS) Europe^ — 1 -IsF TOM 

0 GAM (CHI Mondial S F 14AM 

SECRE^TEREDfUNOS -5 F 
135 EobI S7Ttf StreeLNY Me22^T3B8S4200 

iv GAM Europe S 91.13 

i* GAM (3 lOOaf 1 14243 

iv GAM Internal (owl S 1*13)7 

n> GAM North America — J Utm 

wGAMPodflcBaski S 19229 

IRISH REGISTERED UCITS 
Eortofon TenocoJJuWln 2.3SX1-07MM3Q 
•rGAMAmoflatnaArt— DM 882* 

w GAM Europe Arc— dm 135H2 

w GAM Orient Acc DM 15*06 

iv GAM Tokyo ACC DM 177.93 

nr GAM TWO) Band DM ACC— DM WJ* 

iv GAM urriveraot DM Acc — dm 17291 

GLOBAL CAPITAL MANAGEMENT LTD 
BermudB:(W7) 29S4HB Fax:(Km 295*180 
JWH GLOBAL STRATEGIES LTD 

IV (CJ Financial BMefOta S 147.77 

w (01 Global DWKSlflea S 10701 

w f FI G7 Currency — J B3J7 

■v (HI Yen Financial 1 1*2*5 

iv Ij) Diversified Rsk Adi J 114.11 

iv I tO Intt Currency A Bond. J 11083 

m JWH WORLDWIDE FND J T8U 

GLOBAL FUTURES A OPTIONS SfCAV 
at FFM Inf Bd PlW-CHF O JF 97.14 

GOLDMAN SACHS 

IvGSAdl Rale Mort. Fd II — I 9.93 

nrGS EmUtY FOnSkcov J 

iv GS Euro Small Cop Port i 

mGS Global Currency- 5 124241 

wSSGtobgi Equity S im 

nr GS US Cop Growth Part 5 


nr GS US Small GBR Purl s 

** GS World Band Fund. S 1023 

■vGS world income Fund— s 70S 

GOTTEN FUND MANAGE Mt! NT 

iv (2 Swap Fund— Ecu 1KS7J3 ■ 

GRANITE CAPITAL INTL GROUP 

IV Granite Cnmiol Eaulry J OJAD 

iv Granite Corttaf M« Neufrof* utrm 

w Granllc Cuoha) MartBage_S DJ5380 

OT ASSET MANAGEMENT (IRELAND) LTD 
Tel : 144)71-7104547 

d GT Abd* Fd A Share* 5 

tf GT A seen Fd 8 Shares % 

d GT Asia Fund A Shares , — S 
d GT Asia Fund B Shores — _S 
d GT Aslan SmaU Comp A ShA 
tf GT Aslan Small Comp B SU 
tf GT Australia Fd A Slwnts_j 
tf GT Australia Fd B Shuras—* 
tf GTAustr.SmallCoASn — S 
d GT Austr. Small Co B 5h — S 

d GT Barry Japan Fd A Bi S 

tf GT Berry Japan Fd B 5b 1 

d GT Bond Fd A Shares ) 

tf GT Bond FdB Biares. s 

tf GT Bio &Ae Science* A Shj 
tf GT Bio & AP Sciences B SlU 

a GT Dollar Fund a a. a 

a GT Dollra Fond B 51> * 

a GT Emerg I no MktsASh s 

a GT EmergtngMkti BSh s 

a GT Em MM Small Co A Sh J 
tf OT Em MK1 Small Co B Sh-S 
w GT Euro Small Co Fd A Sh-S 
• CT Euro Small Co FdB 5h_S 
tf GT Hong Kong Fd A snores* 
d GT Nona Kong Fd B Shares 5 
d GT Honshu PottiflnOer A sns 
tf GT HenNiu Pathfinder B Shi 
nr GT JOD OTC StocfcS Fd A SM 
wGT JopOTC Slock* Fd B ShS 
iv GT Jap Small Co Fd A Sh— S 
tv GT Jop Smrtl Co Fd B Sh— S 
■G.T. Latin Amorim Fd „ — s 

d GT Strategic Bd Fd A sn 5 

tfOT strategic Bd FdB Sit S 

d GT Te l ecom m. Fd A Stores* 
tf GT Tetaatfiun. Fd B Slums 
r GT Tachnatoov Fund A 5f»-i 
r STtedmoto# Fund B Sh -i 

S T MANAGEMENT PLC 1*471 7W« ST) 

6.T. Btotssh/ Health Fun0_s 3BM 

d G.T. Oeutehtano Fund— S 1271 

d C.T. Europe Fund- S 5141 

n> G.T. Global Small Co Fd— 0 30.9a 

a G.T, UMMdmwt Fern — * zsas 

wG.T. Korea Fund & *23 

wGT. Newly IndCouilr F0-J5 59.9S 

w G.T. US Small Commote _s 2U5 

GUERNSEY CAPITAL MANAGEMENT LTD 
t GCMGIobaf Sef, En.— — 1 104.91 

GUINNESS FU8HT FD MNGRS fUosrrl Ltd 
GUINNESS FLIGHT GLBL STRATEGY FD 

d 04enaoM Curygncv 5 390* 

d CJcboi Bare! S 36*2 

tf Global HKA Income Band-0 22*4 

tf GUIS (Band 1 12*4 

d EurcHkh Inc. Bond: i njr 

tf Hotel Equity i 9244 

tf American Blue Olio— J 3727 

tf JtetaiandPacmc s 12901 

0 UK ....( 2644 

tf Eurapea s II7J9 


Guinness flight inT l accum fc- 

0 DeutKtwmari Monet Pm piuSj 

0 US Dollar Money— 9 IM’ 

0 US Dolfar Mm Yd Ban0_5 :jk 

tf infl Balancm Grin 5 I? 

HASENBICHLCR ASSET MANGT GOLfllDK. 

m Masentuduer Com AG J *7U0o 

tr HaxnoKAtor Cam me 1 I2J.*( 

ivMosofmchlerOtv 1 ir U 

W A F FT 1 I*jrj0 

HDF F I NAHCE<T(I(33-1 94874*454. Fa ■ *014*155 

iv MaMiAveit Europe FF 13*9 J* 

iv mow m vew Cromoncc FF imoii 

iv MandinvM Opp imiM FF 1 13*08 

wMondtovnl Emerg Growth FF (354 ij 

iv MoMto vrH Fulureo— FF 13 w *j 

HEPTAGON FUND NV (1999415555) 

f Hentogon Ota Fund— 5 *3JI 

mNenltKtan CMO Fund S 70o0 

HERMES ASSET MANAGEMENT LTD 
Ber muOD M 0091295 4000, LU > . I JSSMM *4 41 
Ell Knot nl Prices 

mHertnrs European Fund Ecu 3*0«5 

tn Hermes Nprin Ammcon Fd* ’ J 

m Hermes Asian Fund .4 300 JO 

ffl Hermes Emerg M» i* Rjkls 15*.^ 

/nHerm«5)rtneg)fiFuna— 4 487 Bl 

m Hermes Neuirai Fund 5 11301 

lit Hermes ClnifaJ Fund 5 U7a* 

m Hermes BaidFund__„ Ecu 1275 j» 

«n Hermn Sterling Fd t \toS3 

m Hermes Goto Fvnd * <2*’i 

INCOME PARTNERS (ASIA) LIMITED 

>v Asian Fixed income Fd I I0J84 

INTER INVEST (BERMUDA) LTD 
Cm Bank a( Bermuda. Tel ' 809395*900 
m Hedge Hag A Conserve Fd_S ’4S 

INTERNATIONAL ASSETS FUND 
2 BO Royal. L MW Luxembourg 

w Europe Sud E Ecu «e J1 

INTERNATIONAL MGMT INCOME FUND 

a Amertaue au tiara S lDDSu 

d E urope ConiUrntole DM l» *9 

d Extreme Orient AnnkbcaonAt 100.1* 

tf France— FF 501 Ja 

d Halt* Lit 101153 00 

0 Zona Asladaue Y I0C3IJW 

INVESCO INTL LTD. POB 77L Jersey 
Tel: 44 534 Till* 

0 Maximum income Fund— l lOCOU 

tf Sterling Mngd phi i 7 IBM - 1 

tf Pioneer Morten j S**t0 I 

a Ofcmen Global 5iratcg. I I7-3*0J i 

tf AMo Super Grunin 5 330WO I 

a Nippon Warroni Fund 5 24300 

tf Asia Twer Warroni i x *i» i 

a Eunweon warrani Furw_s 3*000 

tf GiaN W 1*94 I ejPK 

PREMIER SELECT FUND* 

tf Ameneon Growfn S *W0u 

tf American Euler wise S !*?« 

d AUo Tiger GnmWi., S 112IW 

tf Dollar Reserve _s 5 :/tn 

0 European Growth 1 Jj*W 

d Eurupoan Enterartse 5 *.*«» 

tf Global Emerging Mnrteto J sow 

0 Global Gravvfn S sBfluo 

d Nlsoon Enterprise. — S 6 1*00 

d Nippon Growth 5 5 1*00 

0 UK Growth. t 4J700 

a Sterling Reserve c 

d North American Warroni _S 4 ntflo 

0 Greater Chino Obos S ’ 1*00 

ITALFORTUHE INTL FUNDS 

iv Clou A lApgr. Growth I lot I* 07170 00 

ur CMS B (Gtoaol Eouirv) S 1 1 to 

•V Class C (Giooal Band) s io 

w Class D (Ecu Bond) Ecu nil 

JAROINE FLEMING. GPO B0* IU40 Hg K* 

tfJF ASEAN Tnrtl J 53 02 

0 JF Far Eosl wrnl Tr 5 74 1? 

0 JF Global Can* Tr J Ij 41 

0 JF Hang Kang TruSI— S 1BJ? 

d JF Japan 5m. Co Tr Y 5it3*uo 

d JF Japan Trust— Y 1311100 

d JF Mokiysio Trm.1 _ 4 74^1 

0 JF PocHle Inc. Tr. . _ % IU7 

0 JF Thailand Trvsi 5 n*s 

JOHN GOVETTMANT (lAJVU LTD 
Tel: 44074 -42 94 70 

w Gnvetf Man Futures r I2*S 

w Gourtl Man. Put- US* J 897 

w Guveti J Gear. Curr s 1705 

w Govern Gibi Bai.Hdge 5 iokite 

JULIUS BAER GROUP 
rf Boerbond - ce 

d rjnbnr *F l»03o* 

tf Eaulbaer America S 740247 

tf Equlbaer Europe — ,SF 171340 

I dSFR-BAER - af iul:* 

| tfStocADOr — ■ — -SF 230041 

2 JEJVS® SF 3044JJ 

tf LlqulbaK S 2151 (») 

tf Europe Band Fund Ecu 150) 

tf Dollar Bond Fund. s 177*0 

tf Austro Bans Fund as I2tzu» 

tf SwlMBwWFund SF 121x0 

d DM Bond Fund .DM 120.10 

d Convert Band Fund SF *6*0 

tf Global Band Fund DM 92.00 

a EuroSlori Funa Ecu '.TU’ 

a US SHXl Forw. A 1 

a Pacific Sloe* Fund— s I"im, 

a Swiss Slock Funa 5F 1*5 j.. 

a Special SwIMStoct SF U3*0 

tf Jawm Slock Funtf v 9*60 jw 

tf German Slack Fund — J3M 1fl*J0 

tf Korean Stock Fund— _S *2.m 

0 Swiss Franc Oan sf iwaoo 

2 gtfi^/und DM 135*50 

0 ECU Cosh Fund Ecu I375M 

m Key dotal" 


mKIAsJoPoaflcFdLW itj-4 

KIDDER. PEABODY 

b Chemgeoke Fund Ltd S 2*5519 

b I'rtr'aSrwSfeed Fwid—.i inn 

LEHMANBROTHE RS 5 U ”' 4 * 

■tf Asian Dragon Port NV A—J5 953 

0 Aston Dragon Port NV B S 9jj 

a Global Advisers II MV A 1 1001 

0 Gtabol Advisors It NV B S 10.01 

tf Gtahal Advtoars Pori NV AJ 103? 

a Gltaal Advtoars Port Nv BJ 12X1 

0 Lehman Cur Adv.A/B s 7A5 

a Premier Future* Aav A/B J «J3 

UPPO INVESTMENTS 
34rt * Uot w Tower Centre. B9 OueerwwqyjHK 
Tel (853)84740*8 Fax 1*57) 59*0388 

w Jam Furxl. — J Z43 

w Asean Fixed Inc Pd I *2* 

H>IDR Money Market Fd S IU7 

IV USD Money Markel Fd 1 IOxkQ 

*» Indonesian Growth Fd 5 1E9S 

w Aston Growth Fund 5 1029 

w Aslan UVOrranf Fund S *45 

LLOYD GEORGE MHGMT (8531 MS MS 

iv Antenna Fimd S 'oJJ 

w LG Aslan Smaller Cos FO _S 1*4*40 

WL& India Fund Ltd S MBO 

LLOYDS BANK INTL (BAHAMAS) Lid 
Ltovds Amencas Portfolio nw»> 327 -«ti i 
» Balanced Moderate Risk Fds ) j* 

LOMBARD, OTHER A CIE - GROUP 
OBLIFLCX LTD (Cl) 

0 NUltt (currency 5 32M 

tf Dollar Medium Term 1 7446 

d DoUar Lang Term, _S TOOS 

0 Japanese Yen- Y S01*W 

d Pound Sterling C 2**5 

a Deutsche Mori — _ — DM 1799 

0 Dutch Florin FI II 79 

0 HY Euro Currencies.. .Ecu 10 M 

0 Swiss Franc SF 1137 

0 US Dollar Short Term 5 12W 

tf HY Euro Curr Dlnd Pm Ecu 1174 

a Sotos Multicurrency SF 1 4*8 

d European Currency Ecu 2270 

d Betoken Front BF 1380» 

0 ConverhWe— S ii»3 

tf French Franc— — FF l*Mt 

tf Swlsa Mum-DWWend SF 1* It 

tf Swiss Franc Short- Term SF '06.5 1 

d CanaOKvi Donor CS IJi' 

0 Dutch Florin Multi FI ISJ’ 

tf Swiss FrawDivM Poe sf id# 

a CAD Mu incur. Dlv CS IJJH 

tf Metftterrceiean Curr_— SF IUM 

tf Convertibles—. — _sf idO* 

MALABAR CAP MGMT (Berra Pda! LTD 

mMotobtx- mn Fima _S )? ir° 

MAN INTERNATIONAL FUTURES 

mMbir Llmtted - orcflnarv * 444)1 

m Mint Limited -income S in* 

mNUnt Gw Ltd Spec issue —' l V * 

ntMIntGW Lid- Npv 2002 S 723' 

171 Mint GM LW - Dec 1994 i 1030 

m Mint GW Ltd - AU* 1995 .. \ 1131 

m Mint Gid Currencies S TJ> 

mAIInf Gld Currencies 2001 s 7*0 

nr Mint 5 p Pbs Lid (BNPj s 10253 

m Athena Gtd Futures J I2J* 

mAHienaGM Currencies S «.W 

1 mAlhenaGld Financial* I nc_S 1051 

I Ai AIMM Gtd FfnaAClafs Cop A 11.74 

rnAHL Capital Mkt«Fd * HIV 

inAHL Cpmniodlty Fund * *02 

I mAHL Currency Fund * *18 

IflAHL Real Time Trod Fa S ION 

mAHL GM ReafTtme TrO S 10 IS 

at Ahl GW con Mnrv Ltd. 5 » *5 

mMop Guaranteed 199* LKl—S (LSI 

IF Map Leveraged Recov. UdA 1 1 (to 

at MAP Gwxronieed 7000 S » tv 

ir>MIM G GL Fin 3003 — S 713 

MARITIME MANAGEMENT LTD 
73 Freni SI Hamilton Bermuda IOINiTV 9789 
w Maritime Mil -Sector 1 L(d_J 9*730 

wMorlllnwGitrt Ben Series _l 821*0 

w Maritime GW Delia Series s 
nrMaHflnwGMTavSene*— S t**'4 

MATTHEWS INTERNATIONAL MG T 
EMERGING ASIAN STRATEGIES FUND 

m Class A * 114 t 

dOo«B. . * 1 15 3? 

d PocHJc Ctmvert. Sirai i 97^ 

MAVERICK (CAYMAN) 1899) *49-794} 

m Maverick FH — 1 l4?Jfc; 

MCKINLEY CAPITAL PARTNERS. LTD 
BiThe Corsair Fund Ltd _-J i)2t7 

MEESPIER50N 

AAin 55, 1017kl. AmHerdam (20-2111081 
w Alia Poe. Grawm Fd h.v _» 40 ju 

iv Aiftm CanlfoJ Holdings S 5* % 

w Aslan Selection Fa N.v FI IM *5 

to W Amer. Growth Fa N.v _S 3550 

w EMS OKstnre Fd N.V Ft 1*4,75 

w Eoroee Growth Fund n.v. _Fi »ji 

w Jason Dhientned Puna S iiva 

w Leveraged Can How 5*01 

to Tgfcyg Poe Hold n.v 5 957 u 

MERRILL LYNCH 

0 Dollar Assets PortWla * mm 

a Mine Rate Portfolio 1 10.00 

MERRILL LYNCH SHORT-TERM 
WORLD INCOME PORTFOLIO 

deltas A_ % 851 

0 Close ft — j LSJ 

MERRILL LYNCH 

GLOBAL CURRENCY BONDSERfES 
AUSTRALIAN DOLLAR PORTFOLIO 

0 Category A AS ISJI 

tf Category B— aj i;*v 


Ft- C5rii3i*; J CGLi.AP PORTFOLIO 

*rjSJ tfColeOCr.A — Ci (4 1 

3141? tfCsle»3f.t._ Cl U« 

:jb cgrpC’Baif high ■■jcoue ptfl 

J*.w tf OaviA-t s 84 

CLfllDK 0 CUSS A : .5 ?£ 

071400 tf Clone 1 4 V j 

121.90 tfC.av.0-: s it 

IJ7 ro DEL-TSCHE YJSs PDP'FQLIO 

1 45 r jo gCr.evnr.fi .DM 132 

r *0744455 A Ca!rMr. 8 DM 1J5' 

I3*9J) EUPOPgA'I BC-N0 PGPTFOLIOiD7.lt 

l*M 18 tfCtoiit.. j ]j B: 

1 31*.i]a |7 GjSi _5 i^a 

1354 IJ tf CIK.I e-T_ — 5 Ufi 

1311*4 tf CIOs* El 7 * :St- 

£u*OP£i-J BCND PORTFOLIO lUSSI 

«JJI aCtoiv)-'.. 5)»5 

70a0 e Chr.i tf 7 Df.l 10 a 

TD 0 Clan C l. J » 0 ; 

64*1 tf.Ctoi-.B: J ICi 

POUND STERLING POP TFOL 70 

350x5 tf Cciegw, tf_ ! ISfr 

3B93J tfCurna, ,b 

3*0 JO L'jDJlLJP PORTFOLIO 

12*. 71 0 rerraar. * : nx; 

487 On C Ccteta* r 5f 5 13C! 

113DI >‘Efl PORTFOLIO 

447,44 tfCaie70r,i » 1311 

1375 49 cCoiW-e. t IX! 

ItoJJ 7.1ULTI Clj^ PENCY BOND PTFL 

42* 'I tf Ckn* A I 

ED tf dull B 5 212,1 

I0J84 US FEDERAL SECURITIES P'FL 

tf Cltf*-. A ! Vjl 

a aChiv.e 

<48 MERRILL LYNCH 

EQUITY , CONVERTIBLE 5ERIE5 
Basic 4 tf LL 5 PORTFOLIO 
«sji a Cio,-, tf . * ixjg 

-UNO a Cio« El i m: 

lOOJu CONVE vUElE 5EO.'PITi£5 PTFL 

100*8 tf Cto-.ia _5 1405 

100.14 tf CtawB 5 IJ4S 

SOI 4c GLOBAL tfLLCStfliOri PTFL iL'Jli 

0I4SS0D 0 Cto .5 A S 164' 

10C2UIO tfClai', B ... Z 10 U 

I GLOBAL C.'.-Ji 7 « P0 3 tc;ho 

a Ctav. tf-.. _.s ins 

14)000 tf CUM9- ; «*j 

7 IBS) ■ EUPOEOUif. *0*rf;LlC 

5*970 C CtaliA .... I 1464 

)7J«oa <7 Cto;: e : u m 

710900 LATIN tf.ME FiCtf P LPTFOLlG 
3 4300 JCiasitf- . _ s t44x 

4*100 0 Clas* e .5 1417 

3*000 WORLD MAT UPAL F'CSOL'PCE; PTFL 

9J»K tf.;ta'.-, X .8 lirt 

a Ctav, B 5 :lO* 

* 0*0u DP4GON PGPIFOLiO 

a«7M oOa.-.tf i )5 v 

113 100 a Ciov; B i 1555 

s:nw MERRILL LYNCH INC 5 PORTFOLIO 

JJ*W tf Cvn-jtf .! 92) 

6.9 100 tf Lia-.-, £ . . — : 88) 

80*00 jlwsvC.- — ; am 

SMuO MERRILL LYNCH MEXICAN INC POUT 

0 1500 tf IM’rCOn .'cl Pri CIA 1 v’J 

j 1*00 tf Mfiican ire ! P->| ui B S *73 

4 _SW> tf AMvican lac rra Phi Cl A 5 g ej 

tf M*. icon li : Pc* ptti OBJ e« 

4**00 MOMENTUM ASSET MANAGEMENT 
’ pvgj 4 .'JOmeniuir. :l,yr Peri.; J t 05 

niMimtnvn Fq.'do* Ftf 5 lloi5 

7T9oAt mvamenium p,p r? u. 5 j’j* 

1 1 vo m/llumeri jm L-i;- rnmlrr _ ,j ijt 71 

l ff 4} MORVAL VONWILLER ASSET MGT Co 

111) AY.'lile, Trt*C',rri 5‘0 

Hg Kg to WiHertumK .Viireracna CcaS IUS 

5303 n WiHerfuno5 Aiiiertand EurECu 1I6J 

24 1? 9 Willl'hiiKl-J,< , > it'n Em Scj tjjo 

14 41 to Wlllerluntf'.-'Aille'co (let, _i.ir I4U800 

IBj: w Miiierrtrttf'.'i'.ii'erea ma — i 1043 

jWttltf MULTIMANAGER N.V. 

311100 toCash Enhoncemcnr J *.(M 

?4A> I* EnW-'Oing varef: Ftf £ 2121 

12^7 w European Gromth Fa ECU liflt 

it** iv Hetfae Fwxt s tl«3 

w Japanese Fima_ . 8-v 

iv Marvel Me-jlrai S t4W 

I2«s to World B-Jitf Fund Ecu 1271 

897 N1CHOLA5 APPLEGATE CAPITAL MGT 

1285 w NA rlenole Gretoirt Fd J 14082 

10 KITE "Ntf liejge Fund S 11T« 

NOMURA INTL (HONG KONG) LTD 
*423* tf Nomura JdJ aria Funa_ __5 0 44 

1*0369 NORIT CURRENCY FUND 

140243 <71 UCF USD J 82ft 

17)360 mNCF DEM . DM e»56* 

illtTS mtlCFCMF iF T'; 74 

00061 mNCF FPF .FF 44aOJM 

04453 m NCF JP i v 876*5.00 

15700 mNCF BEF BF 3703)00 

l5aT) ODEY ASSET MANAGEMENT LTD 

17? t0 91 Grasvenar SI.Ldn MIX 9FEA4-71 -499 2*98 

Tt.SNl 0 Odrv Europear — __OM 144.04 

I2I.<0 to Oder European - — S 144 Jr 

1 SO 10 to Dder Euroo Gra»m Inc DM 14765 

*£6C w Odev Euroo Growth A<x DM 14819 

92.00 to Oder Euro Grin 5fer Inc i 5465 

'.Yi4-' « enter Eure C-rin Siei tfee- ■ r*8» 

( , GL rv.PI A CAPITAL IMTL ‘NC 

I "ill, Arllicr* ■ H't.vs. Hamillai HV.II. Bermuda 
1*56.1 Tel B0 r - T*’-l0lll Ftr. . 80* jaS-TJOf. 

143*0 w FinstarrGrduo ' ?I*2J 

8*060 .v Ol ■ mpic Securi't 5F — — SF 17040 

iflujo w Oi, mtwo jiori Emerg muss 90198 

*2.10 to WlnctnEtnem Drawn A I*** 

20100 » Wlncn Franl>*r S 280.15 

!5*00 w Wmcb Pul OlrmpiaStar— 5 tSMO 

J75M i» Winclt GI 5tc Inc PI tAl. — S *60 

IDI 670 i» Winch G' Sec inc PI tCl- — S *JM 

Mt 00 to Wlnrr, Hldfl Im I Moo nor —Ecu 12*43)9 

11460 » Winch. HWg inn Ser D— Ecu 1738 a* 

w mlrcTi HMg inn Set F Ecu 172SSS 

S59J0 to Which. Hfdrr Of, Sid r Hedges 107558 

•>iU8 w Winch. Reser. Mullr. Gv BtfLS 1869 

c to Wmchesier TtwiInnO i 3016 

11.74 OPTIMA FUND MANAGEMENT 

73 Front Si Homlllon.Bwtnuda 109 7*54*58 
ISSW toOatlmoEmetoWFdCld S 9.9* 

37.00 iv Ooiung Fund .5 17.72 

S3. 12 irOmhna FuluresFuta S 1762 

7969 toOPlimu Global Fund. —5 13.13 

iv Optima Perlruto Fd Lid J 9.7? 

963 n Optima Stan Fund __5 7J25 

9 J2 ORBITEX CROUP OF FUNDS 

tool o orone. AiiaPacFd-. s 5 HU* 

nun a oroue* Gra«fn Fa— j owm 

I0J7 tf Orftile. Wealth (. Envir Fa s x*57* 

HUS tf Ortxlri Joimn Small Coo FdJ 4.“7tD 

7JB tf Oraile> Natural Pen Fd CI 156*57 

*J2 FACTUAL 

d Gieinny FundUd - ,S 3356*75 

-tf. 0 inllnll r FunoLtd 5 38275*3 

tf 5larH«n Yield FtfLIO— J 12*235* 

ZXi PAR t B AVGftQUP 

*6* « Lu-Or- ....-I IX 

IE<7 tf Porrevl USA B I ?J61 

10*0 d Por-resr Japan B Y 584760 

1895 0 Pprvesi Asia Pool B S ’Iaj 

1829 0 pprvesi Europe B Ecu 2*65 

*65 rf Partel Holland B FI 140*0 

tf Ptfrvea France B FF 1314*4 

T *JJ tf P0rv«i Gei man , 8 _„DV. 64n62 

4*40 tf Porvnt Cmi-CxMlor D S 173184 

M68 tf Ptfrveu OMI-D76 B DM 191BJ0 

d Parveu Obi.- Yen b - i 1*374IJW 

tf Par veil Obiniuloen B_ FI I»&a5 

9Jl a PrtYWtMili Fronr. B FF 7041 'b 

tf Parvtsl Cti.-Sier B. • 1580* 

0 Par reel Otti-Ecu S Ecu I34*r 

3£M d hnw OtM. Bclu- a LF (724166 

74 46 d Porvnl S-T DaUor B, t TJO60 

2064 O Pafve-tf S-T £u f t£c B Ecu 1315* 

I* 90 tf Parvvsi S-T D£i* B DM 54*01 

2*65 tf Paru*-J S-T FPF B FF 182274 

1799 0 Pnrif'tfS-TEefPiu', & BF 105373)3 

II 79 tf Porvni Global 9_ lf 77m m 

loSS d Pcr.m inr Eontf B ! ?|J*» 

13 J7 0 ParwwCD', Lire B Lil 54*571.00 

1260 d Purvm ini coumei . ..5 10835 

1174 a Pu'vf',1 Dl B ' *7 04 

I*.** tf Poivesi U4C piu* b j wo* 

22.70 0 Porvnl 5 T ChF B SF aTJ4 

3S.i' d Pot in Oon-c- gnatm B- . O I9 T J7 

I493 0 Partel Cbfi Dt ) E ,c*v* 9'1 12 

1U5 PE RMAL GROUP 

16 II • CemrRMNWS LW _S '-MSB 

16.51 1 Dngvkor Grcnm 71 j . - ; loij.p 

1361 1 Emerging vun wldw'. 3 87331 

ISJi 1 EuraMir iEcui Lla Ecu 1(67J5 

1062 1 intelmefil Hlun-.N - .3 I2ffi.“5 

I76H 1 Media aCommui'Cation,..? '07*11 

IUM 1 Moscai Lid .2 IBU56 

180* PICTET A CIE -GROUP 

iv P.C.F ije* val ilw .. ■' *2 11 

IJU* to PC.F GermaratiLU'i- .DV 10044 , 

» PC.F Horam.ai iiu- , _ 1 2774 

1401 B P C.F VciiBer ILU'I-- P'o-, tSCTOO 

Hi* ivPCF vaiiiaiiaiLU'i L- 1 llkie^fO | 

1? 40 to p C.F V0IK4AI8 ILV»\ FF 1334 79 I 

«J7 nPijF valtMfld 5FP iLil* l -5F 2*3^ . 

laid iv P U F. Vaipand USD iLe-. .2 237*1 

1421 to P U F. v clown E-:u »i_«" - Er-' IBS Ot 1 

735 * P U F. Vamontf FPF ilu-i.FF 9*770 

7*0 toPLTF ralDCXid C'BP ILK. • •- *3 97 

riSO to P U.F vaitono DEV ' Lu- 1 OK- 7»<. 31 

25* »PllF USiBOPrlliLi- 1 - » **135 TO 

9.04 i* P IJ F Mtwel Fa _ . . E<u ITJ2: 

051 toPUF Pitlife. . . 5F 4*0.7; 

1.74 toPl'T EnK<9MII,avr.; I-VTS 

11V I* PUT. Eu'.Opoari ,L—i -E:' 15711 

*02 e P U T G local -.giut <Lu- • E^v ItiSS 

9)9 vP'Jt Emevai M.u-1 -E'.u -1' 

OPT tf Pieter Vdlunvye ,Cwi . \f- 3 *4> 

015 »n mil Small Cap* ro-v i *. ; v:< 

9*5 PREMIER INVESTMENT FUNDS LTD 

(LSI c aPO.Be- MOO. Grata Ctf.r.ioii 
l &i Fax (BB9 1 9<9'0*4) 

*77 ,11 Premier US Eouil' r und -7 , 1 ’0 ** 

713 m Premier inti Ea Funa. . *. I3<jr7 

re Premie* Sovereign Bj fb xuxs 

» mPremier Gwtai Bd ~V i 14*130 

760 riPremier Taloi Pctyrn Fd •- *8* "C 

180 PUTNAM 

50c a Emerging HilnSc Trirr ; ?i3/ 

9,6 * Pulnam Em. inia Sc. Tr-j-j : 315* 

a Pumam C-nit High Gror.m ; i'w 

i 6 PulnomHigmriC GN'.’AFn! 0 th 

4*3 ij Pulnam Inti Funa - 7 >527 

5 32 OUANTUM GROUP OF FUNDS 
jtC k Asian Oeveitameni „ _.S '"1 42 

» Smerging Growiri Fo l) '0 

0c.r iv Juonlurn Fund in ... ; :*r'5 M) 

ir 'Juanlum Industrial _ * 3D 

J17 itGunnium Bpoli. T,o;i _ , 3 '3J.V, 

» Gutaium in ftrttr. F tf nj. t IM aO 

it Cuasar inn F i,nd 14 ! i?v24 

0241 «■ Ouuio Fgnfl ti , . . • IV. 43 

»H QUARRY MANAGEMENT LTD 
D*5 Telephone SO* *4* -JKO 
550 Focsimile to) - 

iJi fl itiasArairjge fqlio '■ 

Ml tf Hesoer* Fund Lid ..2 n**0 

39J it MerlOionHeotif Fd Ltd % v ’. 'W5P 

*0B a JrnnnFunOLMs s. 3 -'7 

’.*.* REGENT FUND MANAGEMENT LTD 

*Ne*v.6r«iGrotoiriFa... > '))*• 

NM to flora (JJI Pacific Inr Cc- _ i - ’-*• 

3.00 «■ PflcHtc ArtuironL'Co .2 ’* ?* 

f»P.L.Counirn*rrni Fz . . i Vfia 

d Pegmi Gibt Am Gnr. c n ; : 

1.51 tf PeoenlC-iDiEuro C-.tfiFa ; -s 1175 

US j Regent GI3I imi Grid «ii . •. 2)27' 

tf R«qcnl Giai jap Grin fj ! : 4*03 

tf Peaem Gibi Poet Bcr ir OSJt- 

If Regent *3161 Ptfiervc ; ? l ; 02 

iJI tf Rcgeni Giai Ftvnjtue'-. ' 

?*v tf RdgamGbi Tiger . v 3)’>7 


I tf Pegen I 3101 UK Grin Fd | ijbej 

1* 13 I •* Reger.t Wjgrxt F3 Llfl 5 tu 

13 M | mReaent Posrtic Htfg Fd s IKI1» 

ti Regent Sri Lunkg Fd s 967 

toUtaeivciawAssmswij njj 

7£J RDIEC0 GROUP 

940 POB 97X3000 AZ RalKrdanU3l)tB224IXM 

lit 0 RG Amertta Fund ,Fi taro 

tf SG Eurona Finn H I37 a0 

1323 tf >1 POCrtie Funa __ tfi 149 JO 

list d RG oivuwte Funa FI SLm 

d RG .'to»y Plus F Fl fi m« 

14J2 tf RGMOberPlusF 5 5 101B7 

i«J» tf PG Manev Plus F DM— _DM U1J2 

l4£ d RG Mono phis F SF SF 10765 

HtS Men DAbvea we Airisitradm Stacks 

ROTHSCHILD (GROUP EDMOND DE) 

9«7 IN-HOUSE FUNDS 

1(144 if Asian CuefSoJ HahJirnn PO_l 59 JO 

**7 to Daiwa LCF Romscniid Bd JS tOlMi 

1C J* w Oawtf LCF Rottiscii Eg— { |D1aM 

iv Force Gam Traaiion CMF.5F I0357J* 

:S£t> iv Leacom s T«if u 

: 55»* w Leveraged Co* Holdings _ 5 59 m 

w Goii valor sf *eu7 

134; » Pri cpcilenge 5wi5S Fd SF 1 13). 15 

U M p Pfiegulty Fd-Eurgpe. Ecu 11175* 

D Prleqwty Ftf-hWteb SF 10828* 

1315 e PrlBquitvFd-LalnAm— __ 3 131J77 

)Xi i Pf road Funi Ecu Ecu 121657 

0 Pritatod Funa USD- S 1M04O 

2723 O Pneend Fd HY Emar Mkts.S 114063 

7»07 tobeteaive lnvesl SA . 1 XI5.V21 

D SOurrv— 9 10.14400 

*JI » US Bend Plrt. s oiaidi 

*£{1 to UjHIngto. _ Ecu 3OT8J9 

S?^fW rowedmohddej 

0 Asia Jaoen e m«g Grawdss 3769900 
Ixj» iv Eioril Eur Portn mv T51 Ecu 1x7148 

U67 ivEuroc Srraiea iihestmid— Ecu 105J70 

O inregrol Future*-— S 100462 

U05 ) tf Ganges! Global Fd General DM 192234 

UtfS 1 6 Congest Giarai FU income DM 1*0240 

tf Pacific Hies Fund 5 860 

1U4’ iv Permol Drokkar Grin NV^l Z776J7 

10 13 1 5e!eottfn Hori.-on FF 813065 

tf Victoire Arione s ewoju 

I > >8 ROTHSCHILD ASSET MOMT (CJ) LTD 

«U mrfemrod Leveraged Hm S 8316) 

SAFD1E GROUP/KEY ADVISORS LTD 
1404 mKtfy Divervtiea Inc Fa LtLS 1156)39 

14 14 5AFRA REPUBUC HOLDING 

to p WHO! iC GAM S |4 |jk 

I44x n PenuDliC GAM knitoi m » i n K 

1417 » Pen MM Em MktsGiataU IXU5 

-* Pec GAM Em Mkh Lot Ants I046S 

II rt » RenmMtC GAi-x Europe SF -SF 12068 

Hi* to Republic GAM Europe U5S-S IDEM 

» PenuWic GAM Grwtp CHP JF 10761 

1! T_ * PeouWK Gam Granvin c— x 101 65 

15-55 <* Republic GA7A Growth USJA 35014 

*- Penuanc gam Opporiiaiitv S 1I0J7 

963 to ReouaiiC GAM PaerfiC— 1— S 14000 

085 • Penuoi-.sGnvev Donne 1 1033 

3 01 » Peeubhs Gw, Eur me dm kmb 

to RenuOiiC LOT Am A Hoc S 98.17 

v ’j m Pcftibiic L« Am Argent _S 9*63 

v 71 w PecuaU; ldI Am Brazil S 1106] 

8 ! 5 >1 Republic Lai Am Me>ico J 10062 

e*; t » Reoutsiit Lai Am Venei 1 8*21 

iv Pen Solomon Srrat FO Ud_S 9 iaC 

t05 SANTANDER NEW WORLD INV. 

* IS mCnmmnrulrr F.xvl 4 1006*2 

7 79 mE ■mover Fund S 107J94 

1.71 SKANDI NAVIS KA ENSKILDA BAN KEN 

S-E-BANF.EN FUND 

a )b d Eurnon ir r .... . 4 |j>I 

Ui a FiorranOstern Inc s t ® 

14J tf Global Inc. — n ijB 

1 35 O Latameae) Inc S o.tl 

SCO a voriden me s 169 

063 0 Jocon Inc ■ Y *967 

a MiUo int i B w 

*.(M tf Sverige Inc See n.W 

Z2t tf NordomeriM) Inc « 1*3 

S.Q1 a Tefcnoloai Inc S 162 

■ *2 a Sverige Raniefona Inc _5ek 1051 

6-v SKANDIFONDS 

) iz a Eau*ry (nlT Acc « wjfl 

Z71 a Equity tnl'l Inc X 1UV 

a Equity Global s 150 

162 tf Eaultv Not. Resource*— 5 IJ0 

:.«y d Eaultv Japan— y Hijl 

a Eaultv Nordic 5 167 

1.45 d Equity U.K. • 151 

tf Equity Coniineniai Europe _s 1.7Z 

d Equity Mediterranean S 169 

0 Eaullv Norm America S l.w 

s79 tf E Quit V For East S 464 

160 tf Inn Emerging Markets t US 

Lou tf Bond Inti Acc— S 126S 

IDO tf Bond lnr) me 1 761 

d Bond Europe Acc. S 151 

I 0 Band Europe I nc. 1 067 

um d Bond Sweden Ate- Sek 1738 

127 0 Bond Sweden Inc- Sek 1060 

.45 d Bond DEM Acc DM 129 

It* 0 Bond DEM Inc DM tt.96 

165 tf Bond Dollar US Acc— —S 160 

S» tf Band Dollar US Inc S 16t 

d Curr. US Dollar— — s 16* 

a Curr Swvdi'Ji t ronor — Sek 1263 

SOCIETE GENE RALE GROUP 
71 SOGELUX FUND 15F1 

40 iv SF Bonds A 145 A— — S IE03 

*9 iv SF Bands B Germany— — DM 31W 

.99 w 5F Bands C France — FF 12857 

.15 wSF Bonos EGA I 12J3 

*0 l* SF Bonds F Japan Y 3*22 

JJ0 w SF Bonds G Europe — — Ear t7.93 

24 i* SF Bonds H World Wide — S 1831 

6* w SF Bonds J Belgium _BF 83060 

*« m SPEa.K North America — S 1489 

55 w SF Eg. L W.Eurooe Ecu 1097 

58 to SF Eo. M Pacific Basin— Y 1S74 

69 IV SF Eo. P Growth countries J 1722 

14 to SFEaOGaM Mines S 32» 

wSF Eq.PWart0WWe_— S 1523 

n, SF Short Term S France. — FF 17892*5 

.9* W SF Short Term T Eur— Ecu 3661 

.72 SOD I TIC ASSET MANAGEMENT INC 


R^«IUiy-.UUI| nniUff to < IUMB 

ivSAM OPOOrtimlhr, _* 121.04 

•vSAM Strategy L* ‘ tISW 

nr AI ana SAM_ — _ — s 12724 

wCSSAMConiDWIta — % 33*6* 

SR GLOBAL FUND LTD 

m SR European S 1D87* 

m SR Asian 1 16350 

771 SP international S 10*59 

SVENSKA HAHDELSBANKBN SJL 
14« Bd Oe la Pefnnse. L-2330 Luxemtaura 

tf SHU Dona Fund S 56.13 

to SverakO SeL Fd Amer Sh S 1450 

toSvensko Set. Fd Germraiy_A 1L7B 

to Svnsto Sel. Fa I HIT Bd Sh J 1268 

w Svrnsko Set. FO Inn Sh 5 9*Jil 

iv Svenskd SeL Fd Jomn Y 397 

w svensko Sef. Fd Mlti-flAkl _Jek 114.74 

w Sucnskn 5eL Fd PncH 5h s IM 

to Svcnska Set. Fd Stmd Bdt_Srk 1X776* 
w Svenska Sel. Fd Sylvia 5ti _. Ecu TMJI7 
SWISS BANK CORP. 

0 SBC toa index Fund SF 179460 

0 SBC Eaultv PKI-AustraHa-AS 21*60 

0 SBC Equity PHKoniMa — CJ 21360 

tf SBC Ewjflv PtfFEuiwe Era 70600 

tf SBC Ea PfU-Nethertantb — Ft 39100 

0 SBC Govern Bd A/B f J 10045* 

d SBC Band Pltl-Aintr 9 A _A5 11050 

U SBC Bond PHLAuSIr S B AS 120.14 

tf SBrC Band Plfl-ConJ A CS t092* 

a SBC Band Ptu-Cans B a 17*29 

0 SBC Bond P1IFDM A DM 17068 

tf SBC Band PHH3M B DM 18163 

a SBC Band PtfLOutch G. A_F( U9.96 
a 5BC Bond PrlFDulcn G B-.FI 1 80.99 

0 SBC Bond PMFEa, A Ecu IISJB 

0 SBC Bond PIM-Ecu B Ecu IXlBs 

tf SBC Bond Rll-FF A FF S95JN 

tf SBC Bond Plfl-FF Q FF 07765 

d SBC Bond PflFPros A/B Pius 95*560 

rf SBC Bore) PttFSIerling A _t 5555 

rf SBC Bond Ptll-Slerlliig B — £ 5*69 

tf SBC Bond PonMto-SF A SF 113*20 

d SBC Bond Portlo>lD-SF B SP 11916* 

tf sac Bond Plil-USS A J tOU7 

tf SBC Bond Pin-uSS 0 S 10853 

tf SBC Bond Pw-Yen A _ — _Y 11100860 

J SBC Bond Pit)- Yen B r 11007760 

a SBC MMF ■ A5 — _A5 4321 J] 

d SBC MMF - BF ft — BF 1(2*9760 

tf SBC MMF - CunJ CS 4*9561 

tf SBC DM Start-Term A DM 102807 

tf SBC DM Start-Term B DM 132955 , 

tf SBC MMF -Dutch G FI 730*00 

tf SBC MMF ■ Era ECU 370759 . 

d SBC MMF- ESC- E« 457970.00 

a SBC MMF ■ FF Ff 334754 

tf SBC MMF - LU LU 539)9*560 

0 SBC MMF- Plm — , --Pm 3*442800 

I tf SBC MMF - SOMllng AS 330*114 

d SBC MMF -sterling L 33428 

rfSK MMX.5F — JF 591223 

d SBC MMF -US -Dollar I 722767 

tf SBCMfAF-USS/ll I 2094.10 

d SBC MMF • Ten Y 59839060 

d SBC Glbl-Ptll SF Grtti SF 12«tun 

tf SBC Glbl-Pffl Ecu Grih Ecu 130IJ1 

tf SBC GWAPfir USD Grth 8 1190.18 

tf SBC Glbl-Ptll SF YlaA SF 112227 

a SBC Glbl-Ptll SF rid B SF 122*JI4 

tf SflC Glw-PIH Ecu rid A Ecu 121*60 

tf SBC Gtof-PTil Ecu Yld 8 ECU 134*30 

tf SBC GIOl PHI USD Yld A — 5 307560 

d SBC GIC4-P1II USD Yld B — 5 118260 

0 SBC Gim-PtflSFIncA SF KWJE 

a sac Gibi-pin sf toe a sf iiioai 

0 SBC GIDI-Ptll Ecu Inc A ECU 114167 

0 sac Gnu-pin Ecu me B— .Ecu 11*26* 
a SBC Glbl-Ptll USD Inc A 1 1HH67 

a sac omi-Piir usd mea _* 102957 

tf SBC Gibl Pi (l- DM Growm-ilM 10*562 
tf SBC GIW Plfl-DM Yld A/B J3M 10*1.14 
0 SBC GIDI PW-DM me AfB_DM [04468 

0 SBC Emerging Moriier* S 1098*2 

tf SBC Small 8 Me Caps Sw -SF 53960 

p America valor 1 >41.17 

tf AngloValor I 23130 

rf AsfaPPrilOfiO 5 *8260 

tf Carr/ert Bond Selection SF 108J7 

a D-Marfc Band Selection DM 11499 

tf Dollar Band Selection S 1J4.9T 

rf Ecu Bona Sriectun Ecu HU.l* 

a Fionn Band Selection fi 121.73 

tf France valor — .FF n95JC 

rf GeroioinaValor DM 557^4 

tf GoiaPtrilolio- —3 351SD 

tf Ibenovakir _P(o *2*0960 

a nnruninr _ _m w^w nn 

a JaoanPoriiallo Y 250«U» 

d Slerling Band Selection 1 512J4 

0 S*. Foreign Bond Setorilofi JF 1)062 

rf SwiK Valor -SF 58175 

rf Universal Bono Setecian SF 7BJ5 

0 Universal Fund SF I22JS 

tf Yen Bond Selection Y 1189800 


TEMPLETON GLOBAL STRATEGY SICAV 

rf Globa) Growth S (111 

a DM Global Growth DM 14J8 

a smaller ComponitH 8 no* 

0 American S 166* 

J For East S 1424 

a Emerging MQrtctj — — . « 1471 

tf Euraoeon _5F 1167 

d Giooal income 5 T1J7 

d DM Global Bond -DM I8£ 



Wr 

lUi 

11 


1 

^ j Bg 


11 


r 

-ar 

• . .7^, fin IT! 5 ^ ,^' r i ^ 

JVC? 

5C 

li 



EE 

1[ 


mS 



10 OUR 



P 





iia 




It's never 
been easier 
to subscribe 
and save. 
Just call 
tolHnee: 
08002703 


Dutch Florin; 




For information on how to list your fund, fax Simon OSBORN at (33-1) 46 37 21 33. 


For expert advice on personal investing. 

Every Saturday, the International Herald Tribune publishes The Mi >nev Report, a weekly section that provides 
a penetrating analysis of financial products and services available n > today's high-net-worth investor. 

! For timely investment information, read The Money Report. 


Hcralb 


lYIKh'VVrUiWl 

=r—i te£-U % ivLa - ( 


n«LUillM> unit flif 'T» rturii ii*j»v imi mi 
































*a#<» 16 


INTERNATIONAL HERALD TRIBl'.NE. TIILRSDA^. MAY 19. IW 




SPORTS 


— |5«J UMOMh 

aC-W Luw SI 


■ k ■ •. r*'fo'S£*i^aSStV 


BETS 

Wv?3» IS Al 
« W’.klOWM 
B 34 A?„ Ad 

jICm^iM'.jai 

»>>U J1'„AI 

U.m*4 14 Al 
£QZS 19 V, Al 
H>n‘g isuai 
BftlSU 6*A‘ 
rift 33 nit, a; 
3&629 ,< i I7Vi At 
0g3l«i 12V. Af 
Sft*r.n is At 
jjtjWb B'SAr 
WWIS'-I, n*At 
4 SsP* A 9'-. At 
liSzo^ 10 Al 
1 137 to 1914 A, 
IJH3T 16 to A, 
2 9ffl39l S'.-jAl 
HtSHto 5VjAc 


Hangers Shut Out 
pile Devils to Tie 
feast Final at 1-1 


• A, A -. .V- >: ^pizis ssS *-*. 
ZT ' 'a S. 

/AA8m 


To Yanks’ S 




•Mar 1 *!!** By Joe Lapointe After Richter Mopped Guerin 

afelte & *| Vi* Y.rk Tunis Service with a stab and juggle of the glove 

NEW YORK — Ranger fans on his left hand. Beukeboom caught 
II? ia 4 k postpone their panic attack. All up to the play just in lime to run 

P$i 4 vs uSlJs well for ihe team, which defeated Scott Stevens into the backhoarus 
fcji^u'She Devils. 4-0. on Tuesdav night at and draw a penalty. The Devils' 
fe^&Iadison Square Garden.' power play quickly became more 

A; £??'*■ advantage for I: It. but thev didn t 

£ jg IM STANLEY CUP PLWOFFS put consistent pressure on Richter 

. . -l and manased only one shot on goal. 
S -S.^3s 1, f d .“*• f0r W The Rangers seorej ihree goal- 

E™ 1o 55^ ayins P anicu - ' , . .in the first half of the third period. 

I in*. “5a- The result evened the National 

wVjiisAHcickey League's Eastern Confer- ■ Fedorov L* Suspended 
?7 v! 'thence final al one victory each. Sergei Fedorov, center for the De- 

ar. if ,, a It was the fourth shutout of the troit Red Wings, will sit out the first 
.“•■ia^Aplayoffs for Mike Richter, the four games of the regular season, the 
TS'v'rS a Ranger goalie, who faced 16 shots. National Hockey League nn- 
Among the other top Ranger nouncwL because he cr««hecked 

3 ! A c . r - . e l-jr KA, »if>* , Cm li-ibP 



Jl^iJ^^performer^ Tuesday ni*hl was 
*£ IK 111 ? t Mark Messier, the captain, who 


advantage for i:ifc. but they didn't 
put consistent pressure on Richter 
and managed only one shot on goal. 

The Rangers scored three goal" 
in the first half of the third period. 

■ Fedorov I? Suspended 

Sergei Fedorov, center for the De- 
troit Red Wings, will sit out the first 
four games of the regular season, the 
National Hockey League an- 
nounced. because he crosschecked 
and punched Jay More of San Jose 
in a playoff game on April 30. The 



■m 






r 




Jr *■ V- 

e^Srf . ;; ' 

a.#;. ■ 


kbe* 

WAf. 

fc'l "* ' 


J2^ ISS a scored on the first shot of the game. New \ ork Times reported. 

Ift 21*/, 1J A . . ,, 


Glenn Anderson. Sergei Nem- 
g* low i L ‘hinov and Adam Graves also 
33 ’st;* scored for the Rangers. 

” ■ , is^a The Devils' best player was Mar- 
it lo^Sttn Brodeur. their goalie, who suf- 
3 * 1 ' watered several bumps and bruises 
jf^iJ'vjand left the game late in ihe third 
period after making 36 saves. 

I* ‘‘lS'i £ A key moment or the game came 
f& myl !*w Sate in the second period, when the 
f«!j “uJk.iDevils had a nvo-nian advantage 
|L £ TriSfor I minute. It* seconds but could 
48 ’SvlSmanage only one shot on goal, 
fp The Rangers uulsHoi the Devils 

US «I 'n £by 11-5 in the first period. The 
i r— - 16 J Rangers held the advantage in the 
early pan of the second, hut the 
jj* is*4 1 7 we Devils slowly turned the momentum 
£-«*18 I in the middle part of the session. 

5d * 30*4 BSE r 

lift .£ u f Brodeur came up big when tested 
li£ if'lSil 00 6-High shots by Sieve Larmer 

..4 A Di.-h.rr am 


’** • .. • •. v 

Ml I lj.lv FraiKC Pn>> 

Carlos Baerga of the Indians failed to make the lag on Matthew Mieske of the Milwaukee Brewers at second base in Cleveland. 


Reds Stop the Braves, 4-3, in Battle of League’s Best 


am "'’‘i*:** inepcntni wiicii uiiiuuhiiiuui»* 

•T* ^^i 2 | 4 idown the left boards on a fa>l 
{?}; 1L%;l break that began when Jeff Beuke- 
H§ »s. 37 i:i bo«*m of the Rangers got caught 
9" 57^30 e pinching deep in the attack zone. 


The . I u.x'iu.vJ Prc- i 

The Cincinnati Red* and Atlanta Braves played a game 
worthy of their standing. The teams with the best records in 
the National League had to go to extra innings on Tuesday 
night before the Reds eked out a 4-3 victory. 

K.evin Mitchell, who scored from third on Jacob Brum- 
field s sacrifice fly in the 10th inning, said: “When you have 

NL ROUNDUP 

two teams in first place, any kind of mistake you nuke they 're 
going to capitalize on. You fell it was going to be tight like 
lhai. It was going to come down to the last nitty -gritty.'' 

The Central Division-leading Reds, who ;«t 24-13 arc j 
half-game better than the East-leading Braves (23- 13). tied it 
in the ninth and won it in the 10th off Atlanta's stopper. 
Gres Me Michael, and ruined a fine, wring by Greg Mndduv. 
The A tlanta starter, bidding for his seventh victory, gave up 
two runs and seven hits in eight innings. 

In the ninth. Bret Boone doubled with one out and 
Brumfield walked. .After Eddie Taiihenvre struck out. B.iny 
Larkin singled to make it 3-3. 

In the 10th. McMichael made two errors on Mitchell's 


comebaeker. hobbling the ball und then throwing it into the 
Reds' dugout m move Mitchell to second. Tonv FemanJcr's 
intentional walk and Brume’s single loaded the base* for 
Brumfield. 

Jeff Brantley pitched the 10th to get the victory 

Rockies 7. Dodgers 6: In Denver. Andres Galarraga com- 
pleted a three-run rally with a one-out single off Jim'Gott in 
the ninth. Mike Kangery led off with a pinch-hil double ,»(f 
Darren Dreifort. and Howard Johnsons pinch hit single 
brought him in. .After another single by Walt Wei><. G«*u 
replaced Dreifort. 

Joe Girardi sacrificed the runner* to *ev. - '-ind and third, and 
the tying run scored when Johnson beat Tim Wallach's 
throw home on Dante Bichette’s bounder to third. Galarraga 
then singled to center, hi* second RBI of the night. 

Phillies 6, Expos 5: In Philadelphia. Scan Berry fielJcd 
Ricky Jordan's gruunder to third and threw wildly to the 
plate, allowing the tying and winning runs to score in the 
bottom of the ninth. 

Mels 4. Marlins 3: In New York. Joe Orsulak. who had 
homerud earlier, hit a two-run single with two out and the 
bases loaded in the ninth. Todd Hundley opened the ninth 
with a walk off York is Perez, and John Cangelosi -acrificed 


him to second. Jeremy Hernandez came on to reu're one 
batter, then issued walks to Jose Vizcaino and Jeff 
McKnight to li‘>ad the bases. 

Giants 5. Aslrcw 2: Barry Bonds drove in three runs and 
Willie McGee also homered as San Francisco won in Hous- 
ton. Bonds hit a two-run homer in the fourth and McGee 
followed with a solo homer. Then Bonds added his II th 
homer of the tear in the eighth. 

Cardinals 2. Pirates 0: In Pittsburgh. Tom Urbani held the 
Pirates to one hit over ~h innings and five reliever* went the 
rest of the way. Carlos Garcia had two single* for Pitts- 
burgh's hits. Rene Arocha got the final out of the ninth for 
his first save. 

Cubs 11. Padres 4: In Chicago. San Diego led by 3-0 until 
the third, when the Cub? erupted against Scot! Sanders, 
activated from the disabled List before the game. Steve 
Bucchelc and Rick Wilkins singled and Tuffy Rhodes hit a 
sacrifice fly. Rey Sanchez reached on a third-strike wild 
pitch. Brad Ausmus was charged with a passed nail and 
Sanders threw another wild pitch on ball four to Ryne 
Sandberg that allowed Wilkins to score the second run.’ 


The AisoriaieJ Press 

A blister gave the Minnesota 
Twins the break they needed to 
slop the New York Yankees and 
their 10-game winning streat • . 

Jimmy Key held ihe Twins to 
five hits in seven innings,, but left 
when a blister developed on his left 
index finger. Minnesota then ral- 
lied against the Yankees’ relievers 
for three runs in the eighth and a 5- 

al roundup 

4 victory Tuesday night at the Me- 
irodome in Minneapolis. 

“It was getting to the point 
where it was getting sore.” Key 
said. “You start adjusting your de- 
livery, and it throws you off and 
could cause a more senous injury. 
There was no sense risking it-" 

The Yankees had been 24-0 
when leading after seven innings, 
and the Twins had been 1-18 when 
trailing after seven. But Bob Wick- 
man. Sterling Hitchcock and Xavi- 
er Hernandez could not hold a 4-2 
lead. 

Wiekman relieved to start the 
eighth, gave up Matt Walbeck’s 
double and was replaced by Ster- 
ling Hitchcock, who gave up chuck 
Knoblauch's one-out RBI single. 

Xavier Hernandez came in and 
retired Chip Hale on a fly to Bernie 
Williams in center field, with 
Knoblauch tagging up and hustling 
into second. 

After Knoblauch scored the ly-, 
mg run on Puckett's single. Mack 
sent a 2-2 pilch just over Williams's 
head for his second double of the 
game. 

White Sox 10, Angels 2: Hours 
after announcing that they were 
changing managers, the Angels 
could not change their luck. Julio 
Franco homered and drove in five 
runs as Chicago won in Anaheim. 
California. 

Buck Rodgers was dismissed ear- 
lier and replaced by Marcel Lache- 
mann, the Florida Mariins’ pitch- 
ing coach. The Angels' first base 
coach. Bobby Knoop, will fill in for 
two games before Lacbemann 
lakes over on Thursday. 


Rangers 8;.'Al^ 

Gait singled : 

run in the IQth ~ 

fignin h l 

at the C^lisetznc-v;/^^^^^^' 

The A's - 

deficit v 

had Dennis i 

. two-out. 
rizinthe nintlL 
Lee singled 


moved uponasaeftfeg^g. ^j 
on Cork s 


'ngers l 

Gomez homerediand^dfb^pMM 
runs as Tim 

won at thfi ;^|3bSem.4Sj^^:' 
The Tigers * 

losing streak - arid 
itt sixth loss in 

Belcher woofajr'^effi^ia T ^iv 
. nine starts 
trat oh 

Incfians7,BrewersjcTCEag^^^ 
ton homerei twrc: 1 

the first , tithe, 
visiting Milwktiicwr 
straight victory. TT|ihJBsie^^^S,-- 
their sixthin a v 

Albert Belie 
threo-mn shot. 

bad a two-run A - ■ 

. land. ' - • “ v 1 . : 

Orioles 3y Red 

sioa kept up widi;R^er • 
and Baltimore bait Bastoir^jFff^'- ■ 
den Yards. Mnssuta^sm^^^- 
strong innings. . sirik mKj h^Seg^ 
and walking 
worked the ninth' 

With the score lie 
Oriole eighth, Rafad 
an infield single that ecria^d^? 
hitting streak -to I9 ‘gjnne^v^^j£| 
in the m^ors. this.seasotLTteiBS 
Baines, who hMnered eafliec^K^.f 
gled Palmeiro to third;-. aiid'£si^ 
Ripken hit a sacrifiefc 
Royals 4, Mariners ^; DiSfy 
Cone pitched his second 
shutout and .won his sevemfi^ccuit 
secutive start as 

Seattle at the Kingdome.^t?^ 
struck out 10 and pitched a 
hitter. He did not allow- a - hh.yigtfc - 
Eric Anthony singled wj&TjtodnSv 
in the sixth mning. 


£ W' 

B'8 frA 

{ft J6V, 14 1 -', f 
I34-. 9' VI 
Rj.S24& 25*i,I 
5*5 13'-'* BM 


SCOREBOARD 


ilS.a'i i4 vi 

3<S si 34 i 
rft'lstl 3VW 

4J^*S7*. (I r 


Major League Standings 


Lm Angeles 
Son Froncisco 
Colorado 
San DIltio 


West Division 
21 IB 
21 IB 
17 1» 

ID 28 


AMERICAN LEAGUE 
East Division 



W 

L 

Hew York 

2« 

11 

Boston 

24 

13 

Baltimore 

22 

13 

Toronto 

18 

20 

Detroit 

T9 

20 


Central Division 

Chicago 

21 

14 

Kansas Clir 

19 

17 

Cleveland 

IB 

17 

Minnesota 

19 

19 

Mllnmree 

IT 

20 


Wesl Division 

Tt«as 

17 

19 

Sealile 

'5 

2? 

California 

16 

2-« 

Oakland 

11 

M 


nv. ; 

5 . 


NATIONAL LEAGUE 


• 441, P 

.• 7ft4tT7 

. 24 U U 

• 7S4V4I! 

- B*» 3' 
, Ji'n 1 ’ 

6lv 4 
•• »M, J 

, I5»V 9 

. 

• S4« Jl 

- 3*^ 2 

14W 7 

• 17Vk B 
, IB'. It 

?n, i. 

• 174-S 4 
. IIV* I 

4>v 7 



East Division 


W 

L 

Atlanta 

23 

13 

Montreal 

21 

17 

Florida 

Zl 

IS 

New York 

20 

18 

Philadelphia 

17 

22 


Central Division 

Cincinnati 

24 

13 

SI. Louts 

19 

18 

Houston 

19 

19 

PUIsburgn 

18 

19 

Chicago 

13 

24 


Tuesday’s Line Scores 

AMERICAN LEAGUE 
Kansas Orv m M0 (MO— 4 7 fl 

Seattle HO dm on— a 4 i 

Cone and Mavne: SalKeld. Pianienbenj i&i, 
J.Nelwn (fl) and Haseimon w— Cone. 7-1. 
L— Sait-ew. M 

Milwaukee OH Dll 300—3 ♦ a 

Cleveland set 03D Mx — 7 9 0 

Eklreci Orosco (4|. BronHev IS! and 
Harper; Martinet. Mesa IW. Shuei (9> and 
Aftwiar. vV— Marline:. 3-4. C-Eldred. 3-5. 
HPs — Milwaukee. O'Lear. 111. Cleveland, 
Lallan 2 iti. Baerga i5i. Belle tin. 

Detrall 023 835 009—13 12 I 

Toronto 013 020 HO— 4 11 1 

Belcher. Hennemon |9| and Flaherir; 
Slortlemvre, Williams (tl. Brow la) and Bor- 
ders. W — Belcher. 1-7. L — Stoltlemvre. 3-2. 
HP— Delrdl i. Gomez i « i. Toronto. AJomor 1 3). 
Caner (lit. 

Boston DM BIO IBB— 2 9 1 

Baltimore nee on mx—J 5 » 

Clemens and Berrvn ill; Mussina. Smith 19) 
and Halles. W— Mussina. 7-1. L— Corners, 4-1 
Sv — Smith 116). HRs— Bosion, Naetirtna 161. 
Baltimore. Baines I5i. 

New York BOB 01# 10B— 4 9 0 

Minnesota oia ibb bj»— 5 i i 

Key. Wltitman 181 . Hitchcock (81. HernondM 
18) and MeMn; Deshales. Guthrie (B). Aguilera 


(9) and Walteck W— Gumnc. 3-1. L— Hernan- 
dez. 2-1. Sv— Aguilera (8).HR»— New rars.Gai- 
leoa i3i. Minnesala. Mad []). 

Olicooo 230 210 MO— IQ 16 2 

CalHornia 101 MO BOO— 2 4 1 

Bera. Schwarz I9J and Karkovlce; Lang- 
ston. Dapsan (61, B.Palierson 17), Grahe l«) 
and Fabregas. W-Berc. 4-1. L— Lanosion.2-1 . 
HRs — Ohicooa, Thomas Il3i, Fronco ( 10* 
Texas ni ooi 903 M h 3 

Oakland 014 620 OBO 0—7 II 1 

DO liming*) 

Hwrsl. Foiardo (51. Caroemcr I9i. Hanav- 


ida. Canine l«l. New Sar). Orsulot 151 
Atlanta mo 030 mo o— 3 7 2 

Cincinnati too MO 111 1 — 4 ID o 

(10 innings; 

Moduli', McMichael («! and Lopez; Pugh. 
Rutfln l&). McEiro. 17). Forlugna iSl.firani- 
le/ *103 and Dorseri. Toubensee 481. 
W— Brant lev. 3-1 L— McMichcei. l-i 
San Francisco oos 310 010—5 7 a 

Houston 0)0 too 000—2 7 o 

Swtlt Jn«*s«\ i7i. Beet i»> <ana Reea; Hot- 
nisen. Jones Coi. Veres (31 and Sarvais. 
W — Svrlll. S-3 L— HarmscMM Bt-cf *7) 


Wednesday's Results 
Yomiuri *. Hiroshima 0 
ro»uit 9, cnumchi 4 
Honstun 1 i orohomd 0 

Pacific League 



W 

L 

T 

Pci. 

Seibu 

21 

II 

0 

654 

Daiet 

20 

13 

, 0 

606 

Grl« 

»; 

1* 

a 

JL?4 

Lotto 

14 

17 

0 

.452 

r.mlelsu 

12 

IB 

i 

.400 

Nippon Haro 

U 

20 

i 

39) 


cutl (10) and Rodr.gue^ Orilz 13); Jimenez- HRs— San Frcmciscc. Bonds :< HI. McGee <4, 


Briscoe I7|. Eckersler t*l. Ontiveros 1 101 and Montreal 
Slelnbach. Henoond I3i. W— Carpenter. 2-tL Phi lode Inh 
L— Cnllvenn. 1-2. Sv— Honeycutt it). Martinez 
HPs— Texas, Canseco I9i. Oakland, Berroa (Bland Fie 
(7j. Neel let. (Ji. Ander 

NATIONAL LEAGUE w-janei 

San Diego 102 DM Ml— 4 ID 1 Los Angele 

Chicago 007 3M 1»X— 11 12 0 Colorado 

Sanders. Elllo'i 13). Tanaka U>. PAWor- Asiacio. I 
I Inez (71. Hallman IB) and Ausmus: Guzman. Hqrkev.Hol 
Bollinger 17) and Will ins. Pargnl IB). (7londGlr« 
W— Guzman, 1-1 L— Sanders. 1-3. Sv— Bui- tori. 0-3. HP 
linger (1). HR— Chicago. Sosa 171. der 16). Co 

St. LOMU 0M Ml 100-2 5 0 

Pittsburgh 0M BM BOB — 0 2 0 

Urban. Habvan (BL Murpn* 18'. Perez (9). JapQIK 

RLPadrtouez (*). Arocno 19) ana t/KGriH; 

Smllh, AMcell (9> and Parrish. Slagghl (9). 

W— Urbani, I J. l— S mith. 4-4. S v— Aracha (11. 

Ftortda BM (02 010-3 IB a Yomlurl 

New York 1M Ml 902—4 6 0 Cnunlchl 

Popp. Aaulra 17', Mulls (B), Perez (**. Her- Yakull 
nandca 191 ana Sanllago; Smith. Mason IB). Hanshin 
Franco (9) ond Stinnctl. H und lev (8). Hirashlmo 
W— Franco. 12. l— H ernandez. 2-1 H Rs— F lor- Yokohama 


Montreal 000 Ml 310— S 10 1 

Philadelphia 200 MI 012-4 13 2 

Martinez. HereCic loi. Scan ie). weiictond 
(B) and Pleicner. Greene. Wesl 1 7i, siocamo 
|7i. Andersen (81. Jones |9| and DauHon. 
w— Janes. M. L—v/cf island, r j. 

Las Angeles 310 1M TOO— « 10 ] 

Colorado 301 DM BM — 7 1] 7 

Asiacio. Dreilort («1. Gall |9; and Piazza 
Harkev. Holmes 17 i.MJilunoz 171. Bal'enlield 
171 and Girardi. w— Bodenlleld. 1-0. L— Drei- 
torl. 0-3. HRs- Los Angeles. K.orras (51. Snv- 
der 14). Colorodo. Galarraga (141. 


Japanese Leagues 


Wednesday's Results 
Seibu 4. Niooon Ham 7 
Dalei 5. » iruelso ^ 

Lotle 10. Orlv 0 

The Michael Jordan Watch 

TUESD A i 'S GA.VE Joraarivenryicr-iin 
odoubleheader against Greenville «iihc sin- 
gle. lour II, oury one ground out Iv.o siris s- 
ouis and one ivali. He /mi zavghi sieciir.g 
twice Jordon had one owiout in nghl field 
SEASON TO DATE Jordan is boiling “25 
<3l-lor-130i wilh 10rjns.st, doubles. 18 PBi. 
10 walks. 38 sir >v eouis and 1 0 stolen bases Inlc 
a rrempl s. Jordan has 51 oulou's. one nssis' 
and tour errors. 


Cenlra I League 



w 

L 

T 

Pel. 

GB 

Yomlurl 

21 

12 

a 

AJ6 

— 

Cnuntchl 

16 

15 

0 

■516 

4 

Yakull 

1? 

16 

0 

-SIS 

4 

Hanshin 

16 

16 

0 

500 

4': 

Hirashlmo 

13 

18 

0 

.419 

7 

Yokohama 

13 

19 

0 

.406 

7'.- 


- Tuesday’s NBA Playoffs 

4 

4 Indiana 19 22 a 15—76 

I'z Atlanta 22 25 IB 23—88 

7 Indiana Jeoas series 3-2 

” .- Indiana; D. Davis B20-2D. Mckev 9-192-320. 


Smlis 242-2 4. Miller 8-18 1-3 22, Workman 04 

4- 4 4.A.Oavls3-42-38. Saotl Ml 3-4 7. Fleming 
3-5 J-3 9. 'Williams 0-0 0-0 0. Mllchell 04 0-0 0 
Totals 27 77 1 7-24 76 

AHania: Manning 7-1 S 64 2D. Willis 5-90-0 10, 
Koncok 0-20-00. Aug noon 44 1-4 9, Slaviock 4 - 
171-4 IA Ferrell 3-5 i-2 7. Lang 2-71-2 5 . EWa 9- 
13 3-322. Whcilev D-l 1-2 l.Tota»3*-72 13-25 88. 

J-Palnt goals— Irvd Iona 5-13 iM.tler 5-7. 
McKev 0-3. icon 0-3 1 , Atlanta 3-5 lEhio 2-3, 
B la. lock 1-21. Foaled oul— None romuM- 

5— Indiana 52 I Mcr.ev 13)- Allcnia 53 IBIav- 

lock TO). Assisis— Indiana 17 (Workman *1. 
AKanla23 f Blavlock 13).Totol fouls— Indiana 
27. a 1 (onto 22. Technicals — McKev. Atlanta 
illegal deiense. Fkigronl foul— Augman. 
Denver 15 24 22 26 7 15-109 

Utah IB » 2i 24 7 7— 101 

Utah leads series M 
Denver: Ellis 4-lT <ba B. R.Wiutams M2 l-l 
10. .'/ulamOo 2-4 >4 7. Abdal-Rauf 9-21 4-4 21 
5:ilh 4-10 14-14 22 Pack 4-Ti ||-15 19. B.Wil- 
llams 7-1 >5-919. R.>gers9-2O-0a Hammonds 0- 
1 2-2 1 Totals 34-83 40-48 '09. 

Utah: Carbm 4- U 4-4 17. Malone 8-184-12 22. 
Spencer 5-tl 1-5 13. Stockton 7-18 4-5 18. Horro- 
ce) 6-18 3-3 15. Humphries 0-2 040. Chambers 
3-ifl 4-4 la Benali 1-8 4-4 6. Hewiarcf M M 
0.Tolals 34-100 28-37 101. 

3-POint goals— Denver 1-15 i R.Williams 1-5. 
Ellis 0-1. 5iltr> 0-1. Rogers 0-1. AUM-Roul 0-3 
Pock 0-51. Uton 1-10 iCarUn M. Humphries 0-). 
Homacek D-Z Stockton 0-3. Benoil D-3). Fooled 
wi— Ellis. Matane. '^ambers. Rebounds- 

—Denver 62 1 EUis.B.wiiliama lli.uiahSB (Cor- 
bin. Saencer l«). Assists— Denver 23 i Pock 7 I. 
Viiob 23 I Stockton 13). Total fouls— Denver 32. 
Utah J8. Technicals — Mutombo. Pack . Humph- 
ries. u tef 1 1 (egol defense. Denver Illegal deiense 


1 Flagrant touls— Humphries. 

Phoenix 21 .14 24 JS— B4 

Houston 32 24 29 22— MB 

Houston leads series 3-2 

Phoenix: Barkley t4-2SD-230,Cetnlh»5-12 
1-2 11. Wesl 1-4 M 2. KJohnsan 4-13 2-2 M- 
MalerleMMO, Green 3-7 l-J 8, Miller 5-43- J 
l LAtmml :3M2kPerr v 1-7 (H12. F Johnson t-5 , 
04i K I*ine2-3(H1 4, Henrr 1-4 041 Z TotoM 3*-, 
97 7-12 86 

Houston: Harry 3-4 1-9 7, Thorne 8-124-4 20. 
Ololuv»anJH44-420Majtwell5-)0l-1l2.Smltb5- 
844 1A EIW 3-54-4 lOHermci 1-1 0-0ZCassefl 2-5 
4-4& Cureton 3-42-28. Brooks 1-2CH1 2. Bullard 2-4 
M A Jen) 0-2 IH) atolato 41-73 24-24 100. 

3-Paint gouts— Phoeni* 3-13 (Bark lev 2-4, 
Green 1-L KJohnsonU.MalerleO-lHenrvO- 
21.Houslan 3- 10(Smllh2-J. Maxwell 1-4. Harry 
0-1, EHe 0-1. Bullard 0-1). Fouled out— Nana. 
Rebounds— Phoenix 44 {Miller TL Houston S* 
i Thorpe 13». Assists— Phoenix 1* (Miller. 
Henry 11, Houston 27 (Cassell 71. Total louls- 
— Phoenix 2a Houston li 


Tf?nr 


Tuesday’s PlayoH Score 

New Jersey • * 8—* 

N.Y. Rangers 1 0 3—4 

Series tied 1-1 

First Period— 1. Now York. Messier 7. 1:11 
Second Period— None. 

Third Period— 2. New York, Nemchlnav 2 
I Leetch. Noonan). :47. 3. New York. Anderson 
1.6:11. K New York. Graves 8 (Leelch, Messi- 
er). 8:38 ippj. 


Shots an pool — New Jafsry 5-6-^-ftNe*, 
Yack n-14-14-41: goc4l e s ' New Jari«T<hipr . 
dour. Terreri. New York. RicMer.-' ■ j- " 

WORLD TEAM CUP! . ‘rAr.’ 
"••• ' (A DgessaMoH^ .GeHAdd/'. '.' . 

. Red Group- . ... . ' .u vjfc 
Santa X Czech RepuMfeO: Serai Bniguftth 
Spain, del. Petr Korda Czech Reouto 1106844' 
6-1 ; CorkaCo«a.Soatn.def. Kotiel WdvcknMc 
m vV;-.’ 

Sweden % Australia 0: Steton EdOerg^Sve- 
derwdet. WoDvMosur . Austro da 4-27-61 1«^ 
MaenusGuslafssarb Swedwvdef. MarkMaod. 
torae. Australia. 4-6 7-4 (7-4) ) 64. ' 

t i rfn uu li up o) Frleadlies ,. 

Austria A Poland 3 -'. ijr 

England & Greece 0 ^ 

BASE BLAU. ' ' 

American Loam : ■ T..,; :;' 
CALIFORNIA— Fired Buck RpdBefA«W8 r 
ager. Named Marcel Lachemann maSiBfir.- 
and Joe Maddon bullpen coach. 'v'V,* j". 

CLEVELAND— Traded Tom ' Ktewr. 
pitcher, to Cincinnati for Jahn'HrwwBBli ' 
Pilcher. Assigned Hrusovskr to ContofrAkron 
of EL Joel Skinner, catcher, retired ancHeM 
named minor- league Instructor- \ £■£■- y 


DENNIS THE MENACE 



PEANUTS 

( THIS 15 MY' 
REPORT ON 
.HAMLET.. v 


A HAMLET IS A 
SMALL YILLA6E WITH 
A POPULATION OF MAYBE 
A FEWHUNPRERAND.. 


ma'am? 


FAR AND AWAY, 51R,Yi CAN'T' 
ONE OF THE 6REAT STAND 
. TRJE5 OFALLTlME! V IT.. > 


CALVIN AND HOBBES 

HCfiSES * . <£, 

-€RE’ TOj',tCcr 
3t s»rrvwa?c • 


•m. HE IS. CALVIN/ 
“ FOiJND HOBBES f . 


*>j am him: he s fine 

6 «E (X V i Ht WS 
HE'S nor HURT. UNDLB. 
IS HE ? BED 


K£B£S. I'M 
■SO GLAD TO 

SEE tsj.r 
fcxFRE SAFE 

sw®: 
fw) MtD 
KX I AM, 



To our readers In France 

It s never been easier to subscribe 
and save with our new toll free 
service. 

Just call us today at 0S-437-437 


























INTERNATIONAL HERALD TRIBITS'E. THURSDAY. MAY 19, 1994 




•• _ ' ' : ' Vc it; v 
: ;v : 


'-'ll 






• ->•-£ 


a.,.,. ■ 


.■ ~ 'w..iK 

yarns' 

■ . 


•' ^ 




* 


' '!T V ^s.Aivft.u. 


-- "•“‘■eaCj. 


- 1 . • ra : . 

• * 

•• .. V; '• "■* is; 

• ft »* 


■ '?■ 

'. “--V 

'-XI. “. 

_ il 

• * V dlfec. fr j)^ 

• : - '• :• •: rife 

’ - ' ' '••• -55** 

-• - Cife 

• ■ ‘.•ittc 

---Kite 
■ • ■ -••' iilfe 
-injo; 


— : — '• ,!V 


•v??.: ■£»** i-* . 
Irr.vf.-'* 3*rt 

■K 

• I' :-rr. 

V. . : •: 

- • ■ n'iOlt 


; :-ri^* 


. s-rrfl 


' , . s • 




— 

V.-jiT 




A: 



l 


1 



•7 - ' 
. ‘ ■* 

.‘fe.* 


V * 


* 9»r 



Pa«re s. 


Pape 17 


•TO 


SPORTS 


1: 


Nuggets 
Beat Jazz 



The dun ruled Press 

The Denver Nuggets slaved off 
diminution for the fifth time in the 
playoffs, defeating the Utah Jazz. 
109-101, on Tuesday night in dou- 
ble overtime in Salt Lake City. 

Brian Williams had 19 points, 
including a dunk to give Denver the 
lead for good in the second over- 
time. It was Denver’s third over- 


NBA PLAYOFFS 


time victory in 10 playoff garoe> 
and its fifth straight success in a 
must-win situation. 

Bryant Stith and Mahmoud 
AbduJ-Rauf scored 22 points each, 
and Robert Pack had 19 as the 
Nuggets trimmed Utah's advan- 
tage in the four-of -seven-game se- 
ries to 3-2. No team has ever won 
an NBA playoff series after trading 

The game was tied, 87-87. at the 
end of regulation and at 94-94 after 
one extra period before Williams's 
jam off a pass from Pack sparked a 
7-0 run that gave the Nuggets a 
101-94 lead with 2:27 left. 

The Jazz trimmed that to 103-99 
mi Tyrone Corbin's 3-pointer with 
52 seconds left, but got no closer. 

The Nuggets, making their first 
conference semifinal appearance 
since 1988, 'will be the host for 
Game 6 on Thursday. If necessary. 
Game 7 would be in Salt Lake City 
on Saturday. 

Karl Malone, who fouled out 
midway through the first overtime, 
finished with 22 points after scor- 
ing only three in the first half. John 
Stockton had 18 p ran is and 13 as- 
sists whik Corbin scored 17 for the 
Jazz, who failed to find an offen- 
sive weapon after Malone left. 

Hawks 88, Racers 7& In Atlanta, 
Mookie Blaylock bad his second 
triple-double of. the .series and 
Craig Ehlo came off the bench to 
score 22 points, keeping Atlanta 



AC Milan Wins Champions’ Cup, 4-0 


H 

A 

the mid n 
1 Ukraii’J 

JinicRu j_ 




;< 


lj,t Sr*-ih TV A«*«uinl Pire 


Karl Malone of the Jazz fought off a block by the Nuggets' Dikemhe Mtrtotnbo in Salt Lake City. 


alive in the Eastern Conference 
semifinals. 

The Hawks cut Indiana's lead in 
the four-of-seveo-game series to 3- 
2. with Game 6 set fra* Thursday 
night at Indianapolis. 

Blaylock had Mpoints. 13 assists 
and 10 rebounds, and Danny Man- 


ny 

ning added 20 points for the 
jQea av 


Hawks, who pulled away late in the 
fourth quarter. 

Reggie Miller led the Pacers with 
22 points, including five 3 -point 
baskets, and Derrick McKey added 
20, but Indiana was frustrated by 
Atlanta’s tight defense and shot 


onf^35 percent from the field. 


Hawks, meanwhile, made 
just 13 of 25 foul shots but held 
Indiana scoreless in the final 2:39. 

The Pacers twice built five-point 
leads in the first half, the last at 37- 
32 on a pair of free throws by 
Antonio Davis with 4:06 lefL 
Blaylock then led a Hanks come- 
back. hitting a 3-pointer and con- 
verting a steal into a layup in the 


final minute to lead Atlanta to a 47- 
41 halftime lead. 

Indiana opened the second half 
with a 7-0 run on two baskets by 
Miller, one a 3-poinier. and an 18- 
footer by McKey Tor a 48-47 lead. 
Ehlo followed with a 3-pointer for 
the Hawks before Miller's 20-foot- 
er tied it at 50-50. 

Manning's two free throws, a 
driving layup by Ehlo and a 3- 
pointer by Ehlo gave Atlanta a 57- 
50 lead with 7:49 left in the third, 
and after (hat the Pacers were never 
able to catch up. 

Rockets 109, Suns 86: In Hous- 
ton, the Rockets, dominating from 
the opening tip, opened a 2 1 -point 
halftime lead and added to it in the 
second half for an easy victory over 
the Suns and a 3-2 lead in the series. 

Game 6 in the Western Confer- 
ence semifinal p layoff series is 
Thursday night in Phoenix. Game 7 
would be Saturday in Houston. 

Hakeem Olajuwon and Oris 
Thofpe each scored 20 points and 


Kenny Smith had 16 for Houston, 
which Finally shut down Kevin 
Johnson and won its third straight 
game. 

Houston's knockout punch came 
early. The Rockets had a pair of 
early 9-0 spurts, the second of 
which gave them a 27-13 lead in the 
first quarter. They did not lei up in 
the second period, opening the 
quarter with a 1 0-1 run en route lo 
a 58-37 halftime lead. 


By Ian Thomsen 

Inrernulnitu! HcroU Tnbune 

ATHENS — To read the mind of Bernard 
Tapie this morning: Mferr the . . 

Everything known by the Marseille owner to 
be true one year ago has now ihoroughlv and 
furally been abolished, for AC Milan on 
Wednesday night beat FC Barcelona. 4-0. in the 
European "Champions' Cup final at the Olym- 
pic Stadium. 

In this same final one year ago. Marseille was 
upsetting this very same Milan. 1-0. which 
Tapie took to mean that he had outsmarted his 
European rival, the Milan owner Silvio Berlus- 
coni. One year later and Tapie i.s thoroughly 
discredited! accused of. punished for and debt- 
ridden by a match-fixing scandal in France. As 
for Berlusconi, he is only the prime minister of 
Italy. Bui everyone knows that. 

As prime minister, he must remain official K 
distant from the team, but that shouldn’t pre- 
vent him from accepting the credit that he 
wasted his millions trying to buy Iasi year. 
What was the greatest team ever assembled last 
year (a losert was convened into a cautious und 
defensive side this year (a winner). 

Perhaps it won so magnificently not in spite 
of. but because, more of its greatest names had 
been shorn for this game — the defenders 
Franco Baiesi and Alessandro Cosiacurto by 
yellow curds, Stefano Eranio by injury. Milan 
happily pushed forward rather than risk staying 
in its own end, where those losses might be 
magnified and exploited. So it became the at- 
tacking team it rarely was this season, the 
attacking team it was supposed to have been a 
year ago. 

The attacking team on this night was sup- 
posed to be Barcelona. 


In little time the most dynamic player was 
shown to be Dqan Sa vices ic. thoroughly ob- 
scured by more charismatic names- on Milan 
last season. His pirouettes and fly-bys fright- 
ened Barcelona immediate! v. and the Spaniards 
never knew what to do with him until they 
started hacking him down early in the second 
half, but by then it was 3-0 and Barcelona's 
manager. Johan Cruyff, was still shaking his 
head at this sight from the 47th minute — of 
Savicevic chesting the defender Jose Guardiola 
off of a soft, high ball, then pivoting to lob it in 
from just outside the left aimer of the box. It 

dropped below the cross bar and above the 
misposi tinned and lunging soa! tender Andoni 

Zubizamrta like a coin into a piggy bank. 

That game was just reward for everyone who 
never had their chance last year. After Barcelo- 
na had regained some of its balance in the first 
10 minutes, the game look on the pace of 
wonderful basketball ti.e., not the kind plaved 
in Europe). 

Savicevic has a wonderful sense of justice. In 
the 20th minute, Savicevic was sent forward by 
Zvouimir Boban: He spun around Miguel An- 
gel Nadal and was suddenly into the box with 
Zubizarreta diving at his feet. Just before im- 
pact Savicevic was sliding to get what appeared 
to be a hopeless, desperate shot. 

But he got it off. all right, and it wasn't a shot. 
It was a smart bomb that curled directly to 
none other than the striker Daniele Massaro. 
Milan's leading scorer this year and its most 
useless player exactly one year ago. when he 
failed to seize victory 1 for Milan while Marco 
van Basten hobbled with his perennially bad- 
ankle and Jean-Pierre Papin bit his fist waiting 
to get in. 

Anyway. Massaro put that one into (he open 
goal just as he would in the final minute of the 


half. Savicevic danced through Barcelona down 
the left side until there was no more field to 
conquer. So he made a U-ium in the box and 
crossed to Massaro. who was as ruthless with 
his second goal as his teammate was beautiful. 

After the third goal the English referee. Don 
Philip, was handing out yellow cards as if they 
were flyers on a street corner. The Barcelona 
defender Alberto Ferrer earned one for taking 
down Savicevic. who quickly earned his revenge 

by making Ferrer fed like the door of a tele- 
phone booth. As the resulting shot — a sure 
goal — bounced off the right post. Savicevic 
was just releasing his curly hair from his hands 
when he noticed Marcel Desailly riding in from 
the left side, alone, with the sloppy clearance. 
Tapie will recall Desailly as a key player for 
Marseille last year, sold to Milan this season in 
an attempt lo recover finandallv from the 
French scandal. 

All night Desailly had watched Savicevic s 
back, reading everything, and preaching that 
nothing shall pass. He was as strong as the other 
was nimble, and his point-blank goal in the 
58th minute seemed to rustle the goalkeeper's 
hair as it whizzed past his left shoulder. 

In the final minutes. Papin appeared on the 
sideline in street clothes: A luxurious member 
of last year's Dream Team, he could not even 
earn a place on the bench this year, and next 
season he will play in Germany. But he wa> 
celebrating, as were Baresi and the others: Mi- 
lan’s coach. Fabio Capdlo. raised hi> arms, for 
with his first Champions' Cup (Milan's fifth 
overall | he had escaped the shadow of Arrigo 
Sacchi's champagne Ibotball of 1989 jnd 1990: 
and the people were chanting: Berlusconi. Ber- 
lusconi. which made you think, it really is 
amazing, how much can change in one short 
year. 


serties £ 
achev ca> ^ 
ussia WS. 
he Crim^ 
s warned 
e of vit n 


>S 


r 


5 like ^fgt 


in. Geo ,r jc arah'P 1 

owithtfci'is 3paj sh 
rshipan^d 
■nmunisi’ljf g^nc 


Mo? 


xs 


id 


m 


ial desig. rf 

dv . 
uceabot^s, ivh ,c 
ssianpoe; * 
he stron l, .y 
ind ultra Fie - ri*' 
Iberpai x lt D& 
so prevail- ^8 

-‘““Si .o£ 

.el 


r for tkjjd 

i ZvezdSp EWI - 
racbev f,g 

e h ^«ei d 
■ a vLt 

Vetoju- * 7^ 
ndrei V it * s r“ 
■ militargd j 
derstaniji'- ^ 
tRussV wer a : 

derstanCgi ^ 
mershjjgJ- ■‘Th, 
aid soriu “ lid.^ 


The Rockets were running and 
hitting from inside and outside, 
and the Suns could not keep pace. 
Charles Barkley, stretching his ach- 
ing back during timeouts, scored 20 
points in the first half. He finished 
with 30 and sat out much of the 
fourth quarter. 

Olajuwon and Thorpe each 
scored 1 1 points in the third period 
and the Rockets took an &7-«\ lead 
into the fourth. Houston opened a 
32-point lead with 9:09 to go at 95- 
63. 


America Turns to a New Bicycling Prince 


By Samuel Abt . 

Iiuenumena I Herald Tribune 

WINSIXJb^SALEM^Nratfa.Car- 
dina — Somewhere ontbeTour 
DuPont’s tong road from WBmteg- 
ton, Delaware, to Winston-Salem. 
North Carolina, the public changed 
sides, crossing over from Greg Le- 
Mond to Lance Armstrong. 

The nod era in American bicycle 
racing edges closer. It may be a few 
months too early for anybody to 
cry, “The king is dead, long live the 
king” — the Tour dc France in July 
should help determine bow true 
that is — but for now *e 22-year- 
old Armstrong ranks no lower than 
prince regent. He‘s the fellow who 
rules during the absence or infirmi- 


How infirm LeMond, 
mains a question. 

*Tm feeling good, I think I'm 

getting it back,” be insisted in an 


interview early in the Tour Du- 
Pont, which ended in the hush- 
belt ujF North Carolina, on 
ty. His allergies were under 
control, LeMond added, and his 
chrome fatigue was lessened. 

But there. was no question about 
his absence. The three-time winner 
of the Tour de France was never a 
player during the DuPont: 22d 
place overall, laggard finishes in 
both time trials and struggles in the 
mountains. At the end, he was 10 
minutes, 39 seconds behind the 
winner, Slava Efcfcmov of the Word- 
Perfect team. 

LeMond's only consolation, he 
said, was that “maybe this is a good 
9gn because I’ve always done well 
in the Tour de France when I've 
done badly in the DuPont” 

And vice versa. He has nol done 
well in the Tour de France, or any 


SIDELINES 


A Perfect Game Is Pitched in Japan 


TOKYO: (AP) — Hiromi Makihara pitched Japanese professional 
baseball’s first perfect game in 16 years as the Central League’s front- 
running Yonriuri Giants shut out the Hiroshima Toyo Carp. 6-0, at 
Fukuoka Dome on Wednesday. . 

Makibara Ad not allow a single batter vo reach first base as he struck out 

« v rtf. 1/V> — 1 TTia TA-iurar-Al/I ll^lnhara 


seven and walked none. He threw 102 pitdtes. The 30-year-old Makihara, 
■ ’ ,: - L the feat in Japanese 


4-1 this season, was the 15th pitcher to accomplish 
professional baseball history and the eighth in the Central League. 

For ihe Record 

The Eoglmd ragby team began its trair of South Africa by losing. 22- 1 1 . 

to the Orange Free State provincial side Wednesday. With a lineup of 
mostiv second-string plavers, England held a 6-5 lead at the half thanks to 
two penalties by flybalf Stuart Barnes. But the South Africans scored 
three tries to one by the visitors in the second half. (AP) 

The Austrian driver Kart Wendfiager is being brought out of an 
artificial coma by his doctors m Nice, his Formula One team stud 
Wednesday: “Wend linger is being awakened slowly over several days by 
reducing bis medications,” the statement said. Tie is scanned at inter- 
tvals." Wentffinger suffered severe bead injuries m a crash during warm- 
ups for the Monaco Grand Prix last Thursday. (AP) 

A soccer referee was killed in Algeria when a player punched him in the 
temple after being expelled from a game between Ain Boudmar and 
Stidia, Algerian radio reported. ' Ar * 


other race, since 1992. when he won 
the Du Pool People are beginning 
to notice even in the United States, 
where professional bicycle racing 
attracts scam attention. 

When the 12-day DuPont began 
in Wilmington on May 4, LeMond 
monopolized fan interest At the 
short prologue to the race, Arm- 
strong went hardy noticed in his 
rainbow-striped j ersey of the world 
road race champion as he pedaled 
to the start, passing the team car in 
which LeMond awaited his turn. 

The car was surrounded by spec- 
tators, many of them carrying cam- 
eras and some of them carrying 
children. Everybody wanted a 
memory of LeMond. As he moved 
to the start tine, the streets of Wil- 
mington rang with cheers, which 
were renewed when LeMond fin- 
ished fifth in the prologue. 

Armstrong, meanwhile, was 25th 
on a cold and rainy evening. 

“I rode like a grandma.” he ad- 
mitted ruefully, meaning be had 
beat far too cautious about crash- 
ing cm a stretch of wet cobble- 
stones. 

A few days later Armstrong rode 
better, finishing third in a demand- 
ing time trial over two big climbs. 

“It was loogh." he said, “but 1 
was able to push myself and it felt 
good to push myself.” 

LeMond lost more than 4 min- 
utes on that stage and said be had 
been shocked at its difficulty. He 
slid far down the standings and 
remained there. 

They love a winner in the United 
* States, or at least a contender. The 
public turned out in gratifying 
numbers at the sides of the Du- 
Pont’s many roads through Virgin- 
ia and North Carolina and at its 
daily small-town starts and finish- 
es. What these fans read about in 
tbar newspapers and saw on their 
television was no longer LeMond 
but Armstrong, and their alle- 
giance shifted from one American 
to the other. 

The script was perfect for people 


who turned out to cheer “USA. 
USA” as the pack went by: Arm- 
strong, a Texan, working to over- 
take Ekunov, a Russian. This type- 
casting became even more pointed 
as Ekimov stayed on Armstrong's 
rear wheel and rode defensively, 
refusing to attack but following 
each attack by his rival. 

The public didn't know it but 
that is U>e wav races are won. 

“To say it doesn’t bother me. I’d 
be lying," Armstrong said. “But 
that’s just the way Lhe sport is." 

Tell that to newspapers and tele- 
virion more accustomed to report- 
ing on stock car racing: The daily 
theme became Ekunov as a some- 
how unfair shadow of Armstrongs. 

“The guy in second place." said 
Armstrong, referring to himself, 
“looks like the champion now, he 
looks like the fighter, he looks like 
the guy who deserves to win. And 
the guy in the leadership role, he 
looks like he’s just sucking whed.” 

If the first part of the DuPont 
had belonged to LeMond. the sec- 
ond part, when the real racing be- 
gan, belonged to Armstrong. After 
all. he was the contender. 

In the mornings, when fans are 
allowed to wander the staging area 
and ask the riders for autographs, it 
was Armstrong's team car that was 
surrounded. Although LeMond 
continued to attract the public, loo, 
it was obvious who won the loudest 
cheers at the daily sign-in and in- 
troduction. 

Armstrong ended his race by 
holding on to second place. 1:24 
behind Ekimov, with a good per- 
formance in the time trial into Win- 
ston-Salem. 

“I'm disappointed, I'm not over- 
ly happy,” he said, to finish second 
two years in a row. Armstrong 
promised to be back to try for vic- 
tory 1° the DuPont next year. 

“I’m still young and inconsis- 
tent," he ad mi lied “I’m moving up 
in the ranks, I can get belter." 

LeMond? He too can get better, 
and has to do it soon. 



e 

inst 

it 


L 

- e 

a 


punches 

i forces 
■ jasures" 
' Ukrai- 
ing dis- 
ninated 
r Valeri 
Sunday, 
•v said 
in Cri- 
o there 
■sagen- 


reaand 
rneased 
Crime- 
nore a 
tanla- 
depen- 


aliated 
turn to 

edara- 
t$ that 
2Ssion- 
prime 
Russia 
onday. 
rulers) 


ESCORTS* GUIDES 


BELGRAVIA 


ORCHIDS 

LONDON MUttSBOMTAWCY 

OfOrCMKAGCB’flD 


UK 071 589 5237 


LONDON- PAHS BCOerSOVfCE 


07126606*6 


ELITE - REGALE 


IK on 5*6 9298 


pmNAWM^jxoas 

Major Cntft GsA 


n*toa*»» 


ft* 83 C-_ 

. QJ* dtyi dW INTL + 3S 2- <7 « 97 . 


INTERNATIONAL CLASSIFIED 


PEACHES 

London Bcorrsma 
»!»»»« 


MSS G8EVA 6 PASS 

tort AgBter 346 00 1* mdt a** 


1-58*6513 


51 5W - 




ZUKH"VMU’ 

SUNBC ESCORT SBEVEEMn 


tana ft«*L Zurich, Geneva Unx 
SHMuratSfaruA-fOiaitUg 


•■•••MILAN* JULIA 
iGUttSBMQ 


SfitWBBRfir 1 


"•PAN S IflMWN"* 

BCCRTSSMaW'CTJlAva 
H— ■<BltBB**n3W51Zl 


TOKYO *"••••• 
Escort / Gd* Sena, TbIbjAoo* N* 

K9 3361 -2278 


ZUNCH / BH/ttA 

Escort Sana 

T«fc CP7/8B06 50. 077/88 06 70 


AMSTOMM BtmBBVL btort 
~ - Tinn^ra 

ovuonkmmm 


‘GENEVA* PARIS 4 
POTTY WOMAN ESCORT SBMCE 
Please art Gerv«q Q22 321 9 9 61 


• ZUMCH • SUSAN • 
bant Senas 
lot 01 / 381 99 4 


ORBITAL ESCORT SaVKE 
LOftOCN 

PLEASE PHONE ATI 225 3314 


VBMA*PAKS‘00n D’AZUR 
bwcortod Escort + Trow* Sennet 
Cdl Vi«no +4-1 -31 D 63 19. 


*•*•* MOAN-BJTE •»•*• 
ESCCRT&TMV&SBMCE 
T«L3M4tg7B72 . 


" QBBTA INTERNATIONAL •• 

Td tB2/ 731 «52- ff7/»280 


TO OUR READERS 


IN BELGIUM 

It's never been easier 
to subscribe 
. . and save. 

Just call toll-free 


0 800 1 7538 


FRAMOURT ROlN DOSBDORF 

trt areas. Escort Sendee. 

06M732W 

MUNICH 'WELCOME 

SCOfiTS GUIDE AC&a. 
PIEASECA1L0B9-91 23 14. 

'PARIS A LONDON' 

•ELEGANCE* 

Era) Semes London 17! | 3 <H 5145 

• • u*con scarr stwa - - 
HLQ71 722 500B Credt Cards 

raONTANeaS OF LONDON 

BCOKT ffWT 

UF1-2317W aeA ads aanxd 

•LONDON • BCORT * 5BMC£ * 

'T EL:07 1 ■ 499- 28 99 * 

** LONDON •■ CARIBBEAN . 

London & Hearty ow Escort Stm* , 
071 794 9077 Cradi Cftck Acceptod 

10NDON-SMUH 

End Service. 

Tel 061 9159 MIS 

RWRMSON CUJB - VBMA ESCORT 
tow#. 5, toNe Weraeie 2a 
0222/568684. 

ITALY • PARK * COTE D'AZUR 
Frmdi briera Eston Agency - 
Dd ton +39 184 34487 

FJt A HtFUlT- "TOP TPT - 
ECOBTSSMCE 

1^069-5^4338. 

AMSTBDAM BStNADETTE 

Esfflrt Seme*. 

TeL 631 63 36 or 631 06 41 

OSCVA'CAfMES* 

CMGStoartServke 

Teb 022/731 90 81 

: '* AMSTERDAM PANDORA'S “ 

Essyl Uvr* 

Tel, 631 06 43 or 631 63 36. 


fcuJi BLjhj- TV A~vuta] Pitv. 

Barcelona's Jose Maria Bakero and Milan's Demetrio Albertini fighting for the ball dining die Champions’ Cup final in Athens. 


INTERNATIONAL CLASSIFIED 


PERSONALS 


MAT TIE SACKED WAJtT oljewlx 
odwed, glorified. b*ed aid peered 


Svooghoul dv world now mi for. 

ever. Smed 


Heor of Jesus pi ay lor 
us. Sort Jude worker of modes pray 
for us. 5<m Jude Mp of the hoprtsu 
pray fat us. AMEN. AMC 


MOVING 



A.OA. B8USS0S i 
A.&S. BERLIN ( 
A.M., 

AGAI 

A. OS. PRAGUE (42) < 


A.GA WARSA 


ANNOUNCEMENTS 


‘WORLD CUP TICKETS* 

AJf gomes ovakUe. Trf plOJ V7-*7Kk 
FasTDMR 277-S5S8 UiA. 


TOOTBAU WOSII) CUP. USA 94, 
sSartur bdets ovocUJe foe aft gams. 


pj^^cnion ond _ led cemponhon. 


3»-2 


corded A*W Tow Operoftor 
10834 bx 


’dsiay 


Tel. 39 2 29510 


FfflJNG low? — boring praMeool 

SC6 crw*ne n Erahsh. 3 fun. 
1 1 pm Trt. Pans fl| 47 33 80 BO 


LOW COST FLIGHTS 


SCHEDULED doiy B«h*s. I* h. — 
a lares. (Mp.tMiir 


eoonomy oi knuea — — 

speaaL Td ffT Ton fl) 47 55 13 U 


PARIS A SUBURBS 


1 Iflv AR7BTS ATHJBl 

150 »«• FF2J00JM 0. os new 
trt comforts. Teb P) 47 00 77 V 


REAL ESTATE 
TO RENT/SHARE 


GREAT BRITAIN 


REAL ESTATE 
FOR SALE 


SWITZERLAND 




LAKE GENEVA & 
MOUNTAIN RESORTS 


Safe to 


ALCOHOLICS ANONYMOUS Enafoh 
Mhna dad,. Tel P«5 
U> '34 59 S, IfOME 678 (JT» 1 
ftT 5974265 I 


atrihoraed, 

m 1973 

A CHALETS 
mMONTREUX, VHIABS, 

LB DiABtBJETS, GSTAaS , 
CXANS-MONTANA.VBOn.oic.. 
From SFr 200.000 to 3J «*»■ 
BWACSA. 

5Z MorrtWDant. Of-1211 GMM 2 
Tot 41 22-734 15 ML Fa 734 12 20 


KM JOGGING 10VE8S - lt» a the 
perted kaWY to for you - 100 ywcb 
ram Hyde Port & KemroWon Palace. 
Superb p*cd Uodt -nrh partes. Hi 
trodaiorerty furrashed Wing rocsn. • 

dooble bedooim. 2 beds. b»y 
equipped hnctai. ritrwty deewetfed 4 

car pe te d, avertable now. E500/vA 
mat. 6 mcrtifo. Tot 44 71 486 5741/ 
F«- 44 71 486 0540. Asc« ftepert*!. 


Today’s 

INTERNATIONAL 

RECRUITMENT 

Appears on Page 4 


AGENCE CHAMPS RY5S 


JpedrtA n fwided apartments, 
m d rtd otbcb. 3 mandv and ewre. 


PARIS AREA FURNISHED 


Embassy Service 

YOU* REAL STATE 
AGENT IN PAHS 
Tel: (1) 47.20.30.05 


BUSINESS message center 


BEADBtS ARE ADVtSED 

that the International 
HmtU Wham cannot bn 

haUn^omdUo far torn ar 
dcnimtfts incurred at a ra- 
out! at framoehertt ttam- 
aurtg firm admHhamanh 
which appear in ovrptpar. 
H it thanforo roc o mmand- 
ad that mo t ion maim ap~ 


The i 


ThA era* 

w US rourtry Soars* 
ioEurep*. 

Offering compile pOufo-/ proceuog 
lortaies. dw feq quo*tn & mhie 
txclen. fa> M + 31-3W69-4254 1 


BUSINESS SERVICES 


OH9IOREUNK Oau A fccenee 
FuB ne'driri ar commeraoi baik 
l<t« free venue, fcimwhrte 
holies US S25UOO. London 44 71 
Vi 5157 Canodo WW 942 6W 


taring brio any binding 
e o m mitm o nH . 


COMMStOAl/ BUSINESS FINANCE 
CMrtabe fo ony vicWe proieen 
Mikfrade. Fo. line* lynopas » 
" rth re> Cerporaw Advance, M 
421300. QwW to. n 


$AVE ON 
International 
Phone Calls 

Now vsu can col the 
US arid «ve rz> mufti n 


BUSINESS 

OPPORTUNITIES 


1 OFFSHORE COMPANIES. F> free 
tvodwr « edvw Tel London 
u B1 741 1224 Fo>- 44 81 J48 4558 


OFFSHORE COMPANIES 


BtSINBS 0PP08TUMTE5 « «to. 

multi 4evel mode'ing, im.'eyport 

i uon&V Fop 49 ? 76l '-SD92H 


ond ovod surthagm. 
Avofobie ki d cowano. 


Grt now for rdn and Vt how 
jmv ton begri uneng rodov 
Lem epen 24 tur. 


750 tEADT MADE COMPANIES 
BANK WIFODLCThTf'S 
ACCOUNTING LEGAL & ADMIN 
ICs AM) TVADf tJOCUNl&nATICcJ 


BUSINESS TRAVEL 'lekallbacK 


(FAST-GROWTH COMPAMES. bevd 
j fiitf franogement hift Tde o waft- 


and 100 page cob* brodmr- 


OCSA ASIA UMITS 

2402 Bank o ! Am*»<o low' 1 


rig tip snTiricarrr devgne d K> bond 
tout lop naragen mto a sutcesfui 
ream. Small groups. 4-6 manager) (fo 
vana Sow ftrt Opcmngt or taot 
Zw lor IWS Tel.hu I3P-57 7, 

rmv. M, 


Tel: 1/206-2848600 
Fax; 1/206-282-6666 


417 5eamd Avenue Wed 
Seattle, WA 901 19 USA 


Hoi court Rood Hona * ong 

w +S52 57XI*: , CAPITAL AVAILABLE 

Fa. +852 52IH40 


Agent mguerfi wrktri* 


OFRHOSECOMPAMB 

free pdeiaoni conjJioaorr- 
Woridvndr 
Immerfose ovaVsbUr 
Flrt eo nf vje ri nd irrncrs 
London lefanemame 

Ful adnaveSiMm sc<>Km 


CONRRMABIE DRAFTS 


HONGKONG 
COMPANIES US $350 


f9, Pert Road. Dougka. ^ at Man 
TeL 0b» 626591 Far > 


BACKS) BY CASH 

* Issued m Tour r-Iome 

* Confirmed by Moor Irrt I Banks 
ro hove *vaiaWity of Fundi 

* Boded by Prrvate hvestus 

CAPITAL SUPPORT COUP. 

Ui (714) 757-1070 Far 757-1270 


Operate yocr oo tax or 
low tn Mwpni fren the 
btninm eeisfte of Ado 


SOVEREIGN TRUST INTERNATIONAL 
4066. Peregnne Tower. Lppc C«*e. 


B9Queem»»oy.^ 


TR.' + S52 868 ‘ 

FAX: + 852 868 S995 


Tefcjlj 4225 32.25 


Fax (I) 45 63 37 09 


AT HOME M PARS 

PAHS PROMO 

qparanstfs to rent fumihed or not 
Sow & Property Maugemenf Semcei 
25 AvHoebe 75006 Ports. Fan l-456n(M 

Teb (1)45 63 25 60 


74 CHAMPS aYSSS 

CLARIDGE 

FOR 1 wax OR MORE dos 
uuSo, 2 or 3400a aportreerm. HALT 
EOUfPffl. IMMatfATEKESaVATIONS 
Tol: (1)4413 33 33 


4*. SAINT PAUL, m 17th eerioy 
bubbng. 3rd Beer, efouotor, large Sir 
ng. T bedmom. bwjie, 
bnwn 90 iqA, perfect 
iflolfMVKl exposure on 
F13JW0 ML M (U 6Q 18 


TO RWT 




ven, Para « tvburt*. vsninLc 
PARTNERS TeL (1) 46 14 82 It. Fa* 
n)4772 3P96 


Ferny, bo de la saussaye, 
ete, tags Tecepbon, 3 bedroans, 2 
Whs, bge balcony, on «den. 165 
BA F2DMQ net. Ttt I-4S63 17 77. 


MARAS. ST. PAUL, dtarwig DUPLEX, 
top floor, swny. C|WB. dwaaer. 
btebenette. shower, wt, tv. tied for 1, 

_W tnnv. F4.WXL Tefc t-CTB M7. 
JAJtDLN DE5 PUN1ES. 4 rooms. b4 
any. tun, view. 1 rear ninaiun. 
F13JOOO net Other qwiry oprtme n a. 
AHA Tel 1402601*0. Fax l3ttM094 


WE DB CANETTB (Mi). Qwtwig 

ttirfo-, 35 *q.RL. newly redono on 
garden, beoan. htraettr hte F4A00 
net. Tet Utfff [11 4? 23 53 U 


MHS BBW98E dm. r— 

service & fur ached rentob. 3 
2yeors.TeH-l2124040f«142 


wflh 


PAWS Mi, arperb, sopecooWa. hAy 

eqwppad 2 room. FI2JXO iw S* 
months nwwnum. Tet 111 47 54 QT 66- 


11th. OIF Bd RICHARD 40 

tarn. 2 towns, race dooorttoon. never 
tvedm- F5j0Q «V. Tet l-«2fl4 0*45 


IHh, VICTOR HUGO, beoutful btrtd- 
m. 4lh floor. Hi. tryw + bedroom. 
np00 net. TeL (1) 45 w DB 98. 


PARIS AREA UNFURNISHED 


CLOSE CONCORDE 

Icage O ft W e W (260 K).m.J 
l bedrooms, ? 


m. 3 reception rooms, 
mod's room. FRSTlGiOUS BUHOB4G 
FP24.QQQ. Contact owner threat* 

(1 ) 42 B6 82 09 or 42 60 86 19 


AUTO RENTALS 


RB4T ROM DGRGl AUTO 
WEBB®: FF 515 
SPECIAL OfTB ■ 7 DAYS FF 1000 
PARS 1W (1) 45 S7 27 04 


LEGAL SERVICES 


Ui GKB4CARD LOTIBtY 
554)00 Gteumd s is ba ■wmd 
bi 1994/1995. 

S5& Legal fee to OBpiy 
Done 1 hn 30, 1W). 
Komwi GtTMXet, Atone* 

17383 Sirtti Ste. 120 
U* Ancrte, CA 90272 USA 
TeL(a09J5S«5S Fok{310}S73-»K 


DIVORCE FAIT. S295LQ- P.0. Bo* 
8040. Arnhem, O 92802. Grt/Fts. 
(714) 9688695 USA 


FOR SALE & WANTED 


EXQUSWE UJMHATH) WQH05 of 
lhe fate R. Mar Knhane and Vfodbmr 
Jcbomdv. J39.95 + $4-95 jhpptoq 
and tmAng. Quanm* ddcovnls 
avrrtafaie. Gateway. PO Bov 792, 
Bronx NY. 1046? ISA 


IR&Ai. EflYIV. In AxD ArOliNd Bl 



SPECIAL HEADING 


; /4H &Z%:i994; ' ■ 

To place your classified ad 
or for more information; 

Contact in Paris 

TeL: 6M) 46 57 93 85 ■ Fa» (354) 46 5^ 95 70 

OR TOUR LOCAL l.H.T. OFFICE 
OR REPRESENTATIVE 


ighty, 

and 

talk™ 

ntfe 

«al/h 

ACdi 


AP 


.mi 


jcki 

wdl- 

K 

CCS. a 
for . 
entp, 
J3I 

iraw 

ble>. 

use v 

Me; 


u 

ise». 

»sh 

fS-,f 


*h 


<Xm 

1c 

al 


SS- 

It,' 

X 

d- 


y 







p age is 


INTERNATIONAL HERALD TRIBUNE, THURSDAY, MAY. 19, 1994 


art buchwald 


The Terminator Vote 



Y 1 TASHINGTON - The close 

*T House of Representatives’ 
vote to ban assault weapons bv 2 lb 
to 214 **5 a major defeat for the 
National Rifle Association and a 
super victory for every hospital 
emergency room in the country. 

The majority or Democrats vot- 
ed for tiie ban. and the majority of 
Republicans voted against it This 
division along 
political lines 
has the pundits 

very puzzled. 

. We were all 
sitting around a 
table at the Na- 
tional Pundits 
Gub trying to 
figure out why ^ 

the final vole fl 
went the wav it , 

did. Buchwald 

“Is it possible that when it comes 
to bullets the Republicans have 
thicker skins?" Sandy Lawson 
asked. 

Marc Shepard didn't think that 
this was the case. 

Marc felt that the Republicans 
did not need the ban because they 
could afford to wear bulletproof 
tuxedos. 

"I know one Republican who 
says that instead of wasting our 
money banning assault guns we 
should use it to build more golf 
courses for white-collar criminals.'' 
□ 

Congressman Bill Topercer told 
us: “Once you start dictating which 

Lauren Fined 
In Tuxedo Case 

{nice Fr^niv-PreiSt 1 

P ARIS — The American fash- 
ion designer Ralph Lauren was 
fined 2 million francs <J35G.OOO) by 
the Paris Tribunal de Commerce on 
Wednesday Tor copying a tuxedo 
dress by Yves Saint Laurent 
At the same time. Ralph Lauren 
was awarded 500.000 francs in dam- 
ages and interest in a defamation 
action he had brought against Pierre 
Berge. head of the YSL couture 
business, for remarks that appeared 
in Women’s Wear Daily. 

In addition to the 2 million francs 
awarded to the YSL couture busi- 
ness. Rive Gauche, the ready-to- 
wear arm of the fashion empire, will 
receive 200.000 francs in damages. 


Europe 


Cjqarvu 

Amscram 

WMM 

CJJftTC 

Bt'jniLH 

B«tn 

BnUMJ 

Copjotvv^i 

Cssu Oil 3d 

Putin 

EdnOuTJi 

FlQflinc? 

FnwMun 

G«w.« 

Ndw-l 

►aanoul 

l« Palmas 

LKeon 

Lsnoon 

Marira 

■/djri 

Wrscoa 

rfc- 

05IO 

Palma 

Pw* 

Prague 

( *‘>*<*M* 

ffcmc 

Si PV'viourj 

Siodthgun 

Srawari 

7aiim 

V»raoe 


Tony 
High Ln 
CIF OF 
I8I&0 13/56 

'**4 ?«6 

f-M 12.51 
*82 14157 
22171 t6€i 

.’4'TP >4.57 

24i n is.en 
l».« 5M« 

27 VO 14 57 
17,52 1050 
2271 16*1 
1 3/55 7-4 

12*3 7«U 

2271 I3i5? 
10^4 H52 
19« 11IVC 
I3'55 407 

nv* 14,57 
?*.7S I7« 
17 02 U-55 
1 7.-62 ? 4B 

19* 12153 

23. T3 14.37 

2O«0 |4«.7 
2«J,*a 12 S3 

21.76 US7 

11 57 3 i : 

K V 16-6C 
21.7-J 11152 
24.75 13.55 

•?.JUJ 3,17 
3/71 11.52 
; 13.55 lOl 
IIV2 5*1 
71.79 M>52 
14.57 4.-5J 

22.71 l«<5i 

25.77 14 '7 
27 ;W -5-5^ 
2173 12 53 


Twn w iiw 
W tfigii Low W 
CIF OF 
pc 32171 14157 dc 
pc 19.*. 11. » oc 
a 20182 I35S 1 
1 24.75 1J1SS pc 

pc 23-74 Itml pc 
> J'JHO 1**57 ( 
r 2-i71 lO-SO c 
pc 20*« 9140 57 

I 24,75 13155 pc 
E* 18 60 8*45 oi 

pc 24,75 17162 i 
ih 16.61 7144 5li 

pc 13155 «146 pc 
5*i 25.77 13155 i 
VI »«8 3145 pc 

Vi 21,70 M152 pc 
pc 14157 *139 r 

-. 26-79 16*1 I 

5 24175 10*4 p» 

fill 20*0 1407 pc 
PC 101*4 >MO 

V 24175 11152 pc 
v 21.75 13156 pc 
'■n *1,70 14157 I 
I 21,70 9140 IX 

cc 22-71 *3/55 pc 
CC 17,62 5.-4I PC 

pc 32 71 17/62 pc 
DC 2170 10150 V 
r 33.50 9140 or 

pc 0.4b 4,30 pc 
s/i 24.7S 13.55 a 
rc 10*4 ii*l r 
c 13.55 5i*1 .- 

Vi 23,73 3,Jfl Ji 
;<r |J.*7 4 39 • 

I 24-75 14.57 s 
; 32.71 12*3 oc 

" 22.73 9140 ( 

1 2J-73 144 X 


assault weapons can be sold and 
which ones can't be. the next thing 
the government will do is lax us for 
shooting oursdves in the foot Our 
forefathers had the Republicans in 
mind when they wrote that every 
citizen was entitled to have an as- 
sault gun to defend his home, his 
summer home and his country 
dub." 

"The truth or the matter is." said 
Sandy Lawson, “that Republicans 
have closer ties to the National Ri- 
fle Association because they eat in 
the same restaurants and exchange 

frail cakes and wild venison with 
each other at Christmas lime." 

Barry Sbanoff told the group: 
“Representative Ratnick informed 
me that the National Rifle Associa- 
tion lobbyists are the only real 
friends he has. One time he was 
stuck in the snow in West Virginia 
and they sent out a 195-millimeter 
artillery piece to guard his car until 
it was pulled out of the drift." 


All the pundits agreed that the 
NRA didn't care if you were a 
Republican or a Democrat as long 
as you voted with your head in- 
stead of your heart. 

I am still not certain if any of the 
reasons expressed by my fellow 
pundits made sense. 

I telephoned one of the Republi- 
can support groups to see if they 
could give me tbe answer. 

1 said. “I’m calling about the 
assault gun bill.'’ 

“Shoot." he said. 

“Why were so many Republi- 
cans against banning the weap- 
ons?” 

“Because we believe in prayer in 
school. As long as you have prayer 
in school you don't have to worry 
about assault weapons in the class- 
room.” 

“Are you sorry you lost?" 1 
asked. 

“Nobody likes to lose when it 
comes to banning assault weapons, 
but there is no reason we can't 
come back next year and add new 
weapons to be sold. This country 
cannot survive with the number of 
guns now on the market. On Elec- 
tion Day the congressmen who vot- 
ed for the ban will have to answer 
to a higher being than the House of 
Representatives." 

-Who’s lhatT 

“Charlton Heston." 


A Trip Into the ‘Woodshed’ With Dr John 


people 


By Mike Zwerin 

International Herald Tribune 

P ARIS— “Woodshed” means to prac- 
tice or rehearse, shed for short. Mal- 
colm (Mac) Rebennaci a /jo a Dr John 
spends as much time as possible shedding 
with his band because it “builds self-es- 
teem and I feel good about life." Joints 
and concert halls alike are all just sheds as 
far as he's concerned. 

Rebennack considers being paid for 
shedding a sort of bonus. Studio work can 
be creative in its way. but producers, ar- 
rangers and engineers keep “pulling in 
their two cents." and a horn section ac- 
companying you through earphones leaves 
much to be desired. He's interested in 
making real-time music that “ain’t goin' 
on no tape. It’s just goin’. It's cornin’ 
through you. Thai’s the best feelin' in the 
world. If you don't get happy doin’ that 
you're doin' somethin’ wrong." 

“My band plays a little bit of every- 
thing ..." Let's stop d arpping his Gs. 
you get the idea. Rebennacifs thick Della 
accent (he was born in New- Orleans in 
1941) could use subtitles.- . . . Our road 
book has 120 songs, from Horace Silver 
tunes to my stuff and tunes that sound 
good with three horns. ’’ They worked in 
Germany somewhere the forgets exactly) 
last night, play Barcelona tomorrow night 
and (he thinks) Switzerland the night aTter 
thaL Good thing he can afford a good road 
manager. 

Dr John (once suffixed by “The Ntaht 
Tripper”) has accumulated a wide assort- 
ment of cult followers by exploring Creole 
jambaiaya. Cajun conceptualism, ragume. 
the blues, funk. jazz, barrelhouse and boo- 
gie-woogie. There was a short spell with 
Frank Zappa: “1 couldn't figure out whai 
was happening. Frank was too freaky for 
me.” Too freaky for Dr John would appear 
to be freaky indeed. 

Any way you look at it. he has played 
key roles in so many styles you wonder 
what be considers himself. 

“I'm a musician." he proclaims more 
than replies. Followed by a prayer more 
than an afterthought: “1 hope.” 

He began his career as a baby -face on 
Ivory Soap boxes (his mother was a mod- 
el). A large, bearded man who wears a 
beret carries an elegant cane and occupies 
more than his own space, his singing voice 
resembles him. He writes songs with lines 
like. ‘Tm a Berkeley student in the John 
Birch Society.” 

.After some preteen hanging out in his 
father’s “race record” (a style now called 
Urban Contemporary) studio, he learned 
the guitar from Waller (Papoose) Nelson, 
and he played the piano with his mentor 
Professor Longhair. Rebennack became 
one of the rare white musicians on the 


WEATHER 


Forecast for Friday through Sunday, as provided by Accu-Weather. 




Mac Rebennack: “If yon don't get bappy you’re doin' somethin’ wrong.’ 


black New Orleans session scene. He led a 
band for the white teen pop star Frankie 
Ford and wrote “What’s Goto’ OnT for 
Ait Neville. He recorded for small labels 
with names like Ebb. Ace. Ric and Ron. 
several of which collapsed, and ihere was 
some sort of shooting incident involving a 
promoter. It was time for Mac Rebennack 
to get out of Dodge. 

In Los Angeles, he recorded with the 
likes of Sonny and Clier. Mick J agger and 
Eric Captor, were guests on his album “Tbe 
Sua Moon and Herbs.” and he played on 
T he Band’s “The Last Waltz." It’s hard to 
find a musician of any stripe who doesn't 
respect Dr John. The industry calls him a 
“major roots artist” and. according to 
Down Beat magazine, be is a “serious mas- 
ter of (he New (Means piano tradition/’ 

That tradition, like most other American 
traditions, has bv now moved out of its 


traditional home. It is easier and cheaper to 
record his band in New York than to bring 
the engineer and all the equipment down to 
New Orleans, which, although it's still his 
home, is not what it used to be: “When Jim 
Garrison became district attorney he 
(hopped down all those dubs, the joints 
that made their money with the gambling 
upstairs: with narcotics and prostitution. 
0. KL, it’s true, everything was bootleg, but 
the first ones he shut down were the places 
the cuts went for jam sessions. He killed 
that whole thing. He tore down all them 
strips except Bourbon Street, where nobody 
except tourists ever wanted to gp. And now 
all the local places for local people are 
just. . . . well, history. Gone. It bothers 
me. New Orleans used to be so fonky.” 

To explain the title of his recently com- 
pleted memoir, “Under Hoodoo Moon." 
he says: “‘Hoodoo’ is a corruption of 


voodoo, like everything in New Orleans is 
corrupt.” Apparently it’s also corrupted 
his use of language — witness “Shut D. 
Fonk Up,” tbe tide of a track on' his new 
album, “Television ** (GRE)/' . . 

He says fe was only trying to be^a little 
rappy. That’s the way kids talk today. 1 * So 
it's a son of secoraHevd comment on 
American sodety. His u$eof. driun ma- - 
dimes was on the same level Hetwirfed 
the knobs whenever he fehltke rt/tobrad - 
saxophone notes for example. Tbe. engi- 
neer said the machine is supposed to be - 
programmed in advance, bu t Rebennack . 
“was just having some kicks.” He’s aware 
that hts irreverent attitude toward technol- 
ogy is probably considered “obs6Jete”by 
the people who consider themsel ves “bap-~ 
p eeing ” But he’ll “have fun teing obso- 
lete and they can have fun doing whatever 
they're doing." 

ms record company, describes tbe al- . 
bum as a “follow-up to 1992’s ‘Goin’ Back 
to New Orleans,' which wot a Grammy. , 
Television’ features more of the same exu- ; 
Ivyant piano tinkling, inffiCtiOUS ' gpod* . 
time grooves and gravelly wit that fa as 
made Dr John a true New GdeansJcon.” 

Kicks have been Dr John's principal . 
currency, a means of exchange which, 
however, is too easily devalued; “There are 
songs I wrote that don't even lave rny 
nam e oh them. And if it is there, it's with i _ 
three other guys didn't have nothing to do 
with it — the manager, the disk jockey, the. 
leader, whoever. Lots of times I didn’t - 
even have a contract One contract I 
signed had a big fat ‘zero' after 'rate of 
royalty/ You believe that? 1 thought you • 
got your royalties on the sheet music. Now 
with electronics and aQ, they don't even 
hardly print , riieet moric any more. Tye" 
always just gone along with what happens 
to me. I didn’t look at business. 1 was. 
always doing this instead of thaL” 

His “freaky’' image resembles that of 
Zappa ——just thaL image. Along with, re- _ 
cording for what he proudly refers to as ' 
“rum-dum record companies” with little- 
known down-home friends of his* he. has 
done his share of lucrative commercial jm- 
gles for the tikes of Popeye’s Chicken. He 
helped produce a tdeviaQn special dbcu- ., 

zzne*He can’t remanb^many^t^^^^ 
ucts he’s hawked bccanse “by the time I , 
leant the tune we done did it, the session's - 
over." He'll play jingles for the money but ' 
they don’t pay him to remember man. 

Right now he's “trying to hook up” a 
tribute to Doc Pomus album with Bob 
Dylan. And Liza MnmeUi “called about 
doing something together, ft sure would be 
a kick going into the woodshed wi thher.” 

Dr John: Thursday, Hannover: Friday, 
Berlin: Saturday. Vienna; .. Wednesday, 7 - 


Berlin; Saturday, 
London. 


CROSSWORD 


jsatmjfli 


! UnM4MOU4V 
Com 


i UiVnscralVy 
HC 


North America 

Orlando la Savannah. 6a.. 
mill have cool, urel weather 
Friday into the coming week- 
end Washington. D.C. to 
Boston unli he dry mih e 
gradual wanning hold Hoi 
weather will e'tend nortn- 
ward from Dallas through 
Minneapolis and Winnipeg. 
Coal weather and scanered 
rams wB invade the Rochies. 

Middle East 


Europe 

South-central Europe, 
including Rome and Athens, 
viil be diy and warm Friday 
mo the weekend. A cod rain 
will soak Si. Petersburg. 
Moscow will lum cooler over 
iho weekend with a *ew 
snowerv This weekend will 
be milder horn London la 
Pan9 wiih periods o< rain 
Saturday. 


h 


Asia 

Scattered showers and thw»- 
deretorms will occur in 
Japan, including the Tokyo 
area, this weekend Cooler 
nealher will overspread 
northeastern China Central 
Chna. mdudmg Bes^. «nU 
lum mucfi waimer this i.eek- 
end. Tltinderstcms tkB sMI 
northward from Mvarma: to 
south-central China. 


eanqVx 

Pri-rvj 

HaflCKorrj 

JiH-44 

5*csj; 

VJr^ra. 

rj**. 

Tdkvc 


Today 
Wgn Low 
C1F Clf 

.12 -AS 23.73 
ji.Sc, m.M 
2*MV 33,73 
35 !H 25 7T 
4ri05> 33.M 
23 73 11152 
26 79 14.57 
31 «9 22. -1 
23 64 

IB 64 :-'44 


Tomcn u w 
W Hlgti Low W 
OIF OF 
Tc 33 51 24 -5 sc 
> 2675 12163 1 

sti a,52 <irs ol 

4 J4.n 24-75 PC 
i *4, Ml 23,64 1 

5 26,73 12253 * 

S So . 73 17/62 m 
CC 22.38 23.73 I 
t 29.64 21.70 OS 
i 19-66 12.53 » 


Oceania 


26B2 2170 S 29,»» 20.-68 cc 
36 .97 21/70 S 37 .5* H IM * 
31-88 16*1 * 33191 1661 i 
2770 r-«2 i 4 rr-t? s 
•Of 104 21 ITU 1 4411 1 1 22/71 i 

» 100 23 73 s 40.164 23,73 3 


Latin America 

Today , miwiw 

High Low W tCgh Ln XI 
OF OF OF Of 
S umi<» 2271 12,53 '3-U |- 52 X 

Camsu 3158 21.79 b 7 31.88 il,7i ze 

bra 21.70 17 62 3 21 73 17 rj x 

•Jeaca C,.> 24.75 12 S3 r- 26 7i ::»} - 

F6J OCJ-ITCir'. 26.7J 2J.<8 sc 25.62 29.58 CC 

Sunt*}) r« 64 4 .-39 sc :3 it i 43 1 


17 62 914.V in IR'S* i'40 sr, 

11.5! SC 211*0 1955 ze 


Lagand: 5-iunny. ps-parfy Poudy c-douO>. sk-shewor? i-itaauSarJemM r an Mw 
in-wnr. —a, V/ LVMirwr All maps, tore casts end dais provided bv Acar-Weatter. Inc. 


Alp»t-. 

23.73 

«t-V 1 

257* 

17«2 PC 

CmTjun 


B if, 

loAT 

6143 pc 

'Juavo 

22.71 

U/3T t 

23,73 

15. 55 PC 


31170 

5« pc 

2577 

I'-i« pc 


31. »3 

25.77 K 

3106 

26/73 1 

NlKW 

21.70 

11 52 CK 

2271 

13'55 : 

7ur* 

24 76 

121U » 

:14c 

17 42 3 

North America 

firerzn-je 

13.55 

275 vi 

14 57 

4-l> SC 

fcrjrra 

,'IW 

••O.W p- 

:n 

li-5o * 

3™,« 

•2S3 

6.43 5 f. 

|4S- 

1,4-H •« 


23-73 

0,46 1 

2674 

11.52 1 


26-7M 

1,V5u t 

22.71 

7 44 OC 

Cl 

2173 

A 4S » 

CA7? 

’O-Su 1 

K^V*Ju 

55*! 

31-73 zt 

23?.' 

2271 oc 

»*.'■* *:r. 

31. M 

1-162 -. 


17.62 K 

Lc-,A.'T?rfS 

2£l«8 

12.5.' C7 23 C? 

'4157 V- 

-"-ao-j 

23 -04 

1 ? v. K 

•,.1/Cn 

21 70 u 


27K, 

15*55 5 

2577 

12153 &c 

■.Vv-Jir.v 

17-52 

5 J\ 

15<* 

7 44 il 

Kiw. 

n.i<4 

2j7-< . 

JC.fc 

22,71 pc 

r*-- 1:1 

1B.54 

!?"0 : 

21-73 

" 52 pc 

^i'^SR 

J' & 

13.C4 i 

V 'll 

■3.6C 5 

»sr F-*'. 

i:<62 

'.1,52 c 

1?S5 

3.46 (£ 


19 5s 

'L'.-V1 C 

1.35* 

1 4* 

■•.Tm 

16 6* 

C7 

:r tu 

? Jo pc 

«VM 

2j V- 

3 43 4 

1 

lo^o v. 

. 







ACROSS 

i Symbd of 
stiffness 
7 Brewing 
ingredient 
ii Leave it to 
beavers 

14 Julia, on 
"Seinfeld* 

15 Mayberry 
moppet 

is Mistress Braun 
17 ‘Walt Til My 
Bobby Gets . 
Home" singer 
ifl Marshy area 


so Docfcworkers' 
org. 

21 Four laps, 
sometimes 

22 A Sesame 
Streeter 

MX rating? 

29 Sticker 

27 Ccme to a halt 

28 Patron saint of 
Norway 

30 Co-star of “The 
Producers" 

22 Government 
health program 

34 "Hail, Caesar!" 

33 Forge materials 


Solution to Puzzle of Mav 18 < 


HPOQon aanaia 
DGiHciBnfD QBaHaa 

□□□Hacia naanaas 
mafDtno □innaaoaaa 
bqbei anaa aaaaa 
qdh QHf§aa aaaa 

OQQHQ0I3 □□G3EK1 
ciHsonHHno 
□□□ms aHoiaaaa 
□□□□ □□□□□ cjua 

otjuua anas □□□□ 
f3Baaaai30H atiaua 
□QQQQQQ □auuu^u 
auLiDua uaauuuEj 
QQQiis aQHaaa 


M Where Naxos is 

39 Hard water? 

40 Contest entry, 
perhaps 

42 The Babe Ruth 
of Japan 
48 Science writer 
Gemsback 
4r Ease up 
48 Hymn 

accompaniment 
so Record 
Bi Site oflhe I960 
Olympics 

82 Ad writer's 
honor 

■3 Lend a hand 
38 Cousin of 
Fortran 

88 Former E Street 
Band member 
80 Baseball throw 
bi Working away 

62 Bar perches 

63 Journal 
addendum 

M Coolers . 

83 Lake Huron port 


1 1t's seen in anger 

2 According to 

3 Tenderizing 
sauce 

4 Brook 
sHoopster 

Shaqutlie 


6 Place to relax 
T “Tha • 

. Misanthrope" 
author 

■ Harism theater 
a As It occurs 

10 Driving naed 

11 Trounce 
icDMncNned 
13 Place for -’ 

trophies " 

18 Barbecue 
leftovers 

22 implore 

23 Tabby's mate 
»* Kind ofsch. 

28 Rhododendron 

relative 

27 Break the 10th 
Commandment 
aa Impair 
oi Warfield of 
"Night Court’ 

M Secret supply 
28 10’ 4 ‘ 

37 Witch’s vessel - 

38 Therefore • • 

40 They go by the 
book 

41 Cerberus or 
Argus. e.g. 

eaRanchero’s 

wrap 

43 Homes ' 

44 Vandalize 


48 Arrive attest 

49 1993 treaty 

■a Give as a . 
reference. 


Out of lhe 'Sunset 

patfl LuFooc and Anting 
Webber hai-e readied a 

hi their dispute over the 
ex’s contraei ■»<> 

Broadway produciioo trf ^ 1 ^ 

Boulevard.^ Details of 

meoi were aot rejeased, but« 

. hasbeen specuiauon *ai 

cost the composer $1 m j U)0 r n hrt . 
mxyre to buy Lufooe out of her 

contracL LuPctne ^ 

Fcbmary by Cteftn Oose as the 
star of the Broadway producuon. 
whtdi is to open in November. 

.□ 

Unlike ibe stare of “Dynasty. 
Washington's «3fl family has sd- 
tied its bitter business feud id a 
dosed courtroom. The family patri- 
arch, Herbert FL Haft, and bis sen. 
TteasU, will pay Herberts 
Gloria Haft, and Herbert and Glo- 
ria Haft’s other two children, Robert 

M. and Linda Haft, an undudosed 
sum for a large part of their interests 
in the Haft famBy real estate and 
: retail fortune, according to source; 
dose , to the negotiations. Tbe farn- 
jjhr*s assets are estimated to be worui 
£500 million to $1 billion. 

:PtiDces lKna spends £3.001 
($4^00) a week of her eslranwc 
husband's money living tbe highlue 
according to press reports A num- 
ber of British tabloids reported th3 
PitoceGbaries was furious when h» 

came across a tab of £160^,000 (for i 
. year) for Diana's- clothing, casua 
wear for thar senu, her alternative 
treatments, makeup, hair 
-during, pfts and traveL Bucking 
hatn Palace disniisaed the reports 3i 
“jQa-gossq3. ,, . 1 / Claries signet 
a contract In Sl Petersbuig for hi: 
Rwaness Leaders Fortim to publisl 
; and bdp preseiye the 170-year-olc 
man uscripts of the poet'AfexandeJ 

Pushkin. 

a •• 

•1 ' A London magistrate has jailei 
the Maiquen of^ Bhtndford, heir ol 
die I Ith Mie of Marftoroi^, fot 
three weeks, after be showed up 
nearly four hours lain for a coun 
appearance. Blandfotd, 38, plead- 
- ed guilty last month to stealing a 
checkbook and check forgery, ant- 
had been due to be sentenced. ' 


IJSTERNAnOmL 

CLASSIFIED 

.Appears an Papa 4 & 1 7 


■4 Or. Franken-'. 

’• stem's assietttt 
aaShut - eye • 
«tc.ia: 

fcjrerunner ■ ■ 


98 "Boole Boola* . 
singer 

B8Hush?tU9hD:C. 
dip. • 



i f 

i 

* vkx ? 
rW 

v 'zmJ: 


■:km 

m 

. -re4 «3k4 

[r % 

■ IviiST 
i-ij.-i*} 

: • -.V> ‘.5, 

V ■ ' *6>i: 

' a. 


WBt 


.• 3, WW- 

I Tt fT-'J- 
- .• ■ h 4-.^i 

\ |;i LVyt*. 

|i: SM 

U 

) 1 1 


-O New York Times Edited by Win Shorty 


Travel in a world without borders, time zones 

or language barriers. 


GafBHgGzxf 


Imagine a world where y.vj can call country to country as easin' as yr>v, t.:in fr-:»m home. And 


j sat - language, since it s tr^nsinrej instantly. your caents a* s a.m. unn^ mg tlvy u get the message in 
J your voice at a more polite hou*’. All this is now rsossibie .vIKT 1 

• * ■ — : — — , ~ l - To use these services, dial dvr ATo/T Access Numner of the o »untr>- yriu'ne in and you'll get all the 

help you need. With these Access Numbers and your AFiT Calling Card. inremaiionaJ calling ha% never been easier. 

If you don’t have an AT&T Calling Card or you’d like more information on ARST globs! services, -ust caii us using the 
convenient Access Numbers on your right. 


AT&T 


ABSET Access Numbers 
Ho\\- to call around the work! 

i t Sins il le chan bel< <w. find liw ci>untn' >v.-iu are ujlbnyfrwa 

- V jI l'v cone^ndkn;; .(EfT .Vcaw Numbv. ... ....... 

1 .Vn <h£T [infMAh-'pvuiuRSl Ojh.tjjoi w voice pmrupt wSil aiik lor the phone riuniberyou wish to call orconned you to a 
i.*u-4ixner-^-nicep^Mir(«fiiabii < e. . 

Tomxnvjtxirfrce w-aOet card of. Access Numbers, jixrdial theaem sntFfnbcrof ' 
triecountry you're in and ask for Customer Service, 


COUNTRY 

Aus tralia 
China, rae — • 
Guam 
Hong Kong 
India* 
Indone sia* 
Jjp xn" ~ 

Korea 

Korea** 

Malaysia" 

-S' cr- Zealand 
Ph ilippines* 
Sai pan' 
s m 23pOTC 
Sri Lini^i 

Taiwan" 

Thitiland* 


ACCE SS NUMBER 

ASIA 

I-S0IKAB1-P11 

1 0811 

018-ST2 

sop-mi 

000-117 

b o i-sbiio 

: _ V'.VMH 

~~ 00 9-11 

' 11 ’ 

800 0011 

__owjrit 

' 305-11 

235-2872 

ggg-gllMi l 



0080-10Z88-0 

ooiy-opi-mi 


In M e n ia"* 

Austiiayy 

Belgium* 

l Aiimiit 

frtMlia** 

Czech Rep 

Denmark* 

Finland* 

France 

rtcxtnany 

thyecc’ 

Hungary- 

Ic^ Hfi-t’u 

Ir eland 


EUROPE ' 

. r 8*1 4111 
0Z2-9Q5-O11 
0800-100-10 

' ' OMriOtMXHO 

“ 99-3&0011 

~ 0 0-4ZO-OOIQ1 

8001-0010 
9^3-100-10 

^ IgA-0011 

2 ot 300010 

OO-BQQ-ljll 

00a-800-01111 ' 

" ^99-001 

I-SOO-SSOKIOO 


COUNTRY ACCESS NUMBER COUNT! 

Mf L 172-1011 Brazil 

Liechtenstein* 155-00-11 Chile 

Lithuania* 8*196 Cotombfa 

Luxe mbourg O-SOMlll'l CoscaRica 

Macedonia. F.YJL of 99-8004288 Ecuador* 

M.du* >18)0 -8«M 10 0 Sahndo 

Mtmaco" , ■ . . I9*-00I1 -Guaiemali 

?<qheriandS* 064)22-9111 Guyana** 

Nor rea>- 800-19 0-11 ’ Honduras' 

Poland**— 0*010-4804)111 MrdCD*4 

05017-1-288 Nlcaragm 

Romania 01-800-4288 Panama* 

ttgsatarfMbacow) 155-5 042 Pem* 

S lovakia 00420-00101 Suriname 

SpRaa . ■ MX3-99-00-1 1 Uruguay 

Srreden* 020-795^11 Venezuela 

Swtttcriand* 15500-11 

ILK. 0500-8 94)011 Mmhm. 

efcrainc - : , ■ . 8 * 10 0-11 Bermuda* 

MIDDLE EAST •• British VJ. 

- ■' »hn»i Cayman Is! 

- . Q»>9ri Qio - Grenada* • 
: 177-100-27?? . Main* 

■■WO-zfiM Jamaica** 


COUNTRY 

BrazO 

Chile 

Cofambia 
Costa Rica*a- 
Ecuadot* 
EtSalvadofa 
Giiatemato* 
Guyana — ■ 
Honduras** 
Mexico*** 


Bahrain 

Cj-pius* 

Uraet 

Kuwas 


Nicaragua t>1ana«ua) |^ 4 

****** -. 

penr - • - iST 

S urinam e 

■ ^ 

Vcnezud a*a ' S^oTuTvi 

Caribbean — 

Ballamas 1-800^72-^ 7 

Bcrmuda< ’ J-»X)-872-23 ai 

BrttishVl. t^0iuS7a..->sSr 

Cayman Islands ~ 


ACCESS NUMBER 
000-80XQ 
00^-0312 
980-11-0010 

' 114 

. uq 

190 

; 19) 

' I6S 

13j 


Leban o n (Brina ) 
Qatar • 

Saudi Arafrb 


Argcmna* 
Beliz e* 
Bcifeva* ■ 


ring) 426-801 

nhOfrou-77 

l ^TQ-jl) 

00800^12277 ' 

800-121 

AMERICAS 

OH -806-200-1 in 

. . i- 555- 

.... .,../.~i>80t>-1112 


Jamatq** 
MtflL An rfl 
SLkd^Nuvir; 


B eypt* (Cairo) 
Gabon* 
Gambia" - 
Kenya* 

UberiaT : : 

S«w*Afrtca 


J-«XW2-23at 

1-800-87,2-283 1 1 

~ l-4WC*-y7 :.2«^ 

1-»Xb.ST2^S 7 

Opt -800-972- 2^1 
0 - 800 -S 72 -.>> 5 ^ 

g OOI^OO^tT ^ 

— - 1^872^,7 

AFRIC A" 


tit, ■ j. 1 :,,,-. bi^ilcuacna. aiU WMd Comet* VnVr- 
,<7-n;«^ujr. M..n;n7C3!*n^ta79minviKiTa07lcaunncLinjuAei4KM' ■ 

**wldc— ew* }»■:<» <vxv» 4 .^AflCin>Biiw^'nutt*B»t amimul cbaa 7 

■-o . .! . n 1 ,. . 1 1, nr- dime -•• 

’? 5: *' *t*e -fel fm. 11 ^ ri neab iM«i^ J mvb. 

7- Lraiaiw- 1a- J >ct»v>-'.«-4!(TnTn ftif t r ^ lwpiailnDangWlhv". 

i« [+.«'nrfi-tlrj* 

“ V tr)- - * 0 " 1 CLihittMSMUIJ • 

•* * lutlTAtHf-BH, . 


_ 5i04)jn n 

OOJI l 

97 

0-800-99^)1 ^ 


^)fiHfr a mtfato(hid>ncfy arm — - 

rOngnrto * 

* Avne K«Bd toe 

• b_,a»* Eiffuocui . WUv 


A >.--r >4^. 

tx;a- 


; 

Ar.-3r - : /’-. , T'.7 * 

jjm 







’ ~m? & r- 

^ ^ : - ******* 




■ — 

. . * ■■*■»• 


.*. 


'Ml ATxl